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How do credit default swaps work?

April 30, 200924 min
In theory, credit default swaps are simply insurance against failed investments. In reality, these swaps can quickly get complicated. Tune in to this podcast from HowStuffWorks.com to hear Josh and Chuck demystify credit default swaps.Learn more about advertising on the HowStuffWorks podcasts at www.howstuffworks.com/advertisers.htmAnd to learn about your ad choices when listening to podcasts, visit https://www.howstuffworks.com/privacy.htm#ad-choices