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European Tribune - Is the Crystal Ball Clearing?
My position is a harsh "No", for the simple reason that, as I've been saying for years, we call a CDS an insurance policy but treat it as a security.

Could you expand on this? If not an insurance policy, then what is a CDS and how does it work?

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by A swedish kind of death on Mon Mar 12th, 2012 at 03:30:55 AM EST

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