Thursday Video – Credit default swaps and the Financial Crisis.

This week’s video is on the issue of Credit Default Swaps and the financial crisis. Taken from the film ‘The Inside Job” this 1min45sec youtube clip explains how Credit Default Swaps worked and how they helped cause the trouble we’re in today.

If you get the chance, buy and watch “The Inside Job” – it is probably the best film out there for explaining the credit crunch.

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