, back to

Political Factoid

The banks aren't required
to disclose their exposure
to losses from complex
derivatives known as credit
default swaps,
in which a bank writes
what amounts to an
insurance policy that
pays if a bond defaults.
-30-
Collected by students of  Zo^o University
Last updated * 2012-10-31
Copyright © 2011-2012 Zo^o University
All Rights Reserved