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Real Estate > Piggington's Econo-Almanac

Financial Flood Insurance

Rich Toscano | Tue, 11/04/2008 - 11:30am | Credit default swaps, financial crisis |  1 comment

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Credit default swaps have been a major element in the ongoing financial crisis. That doesn't mean it's necessarily easy to understand just what the problem is with them. I've taken a crack at it in the past, but more recently I heard an analogy that makes the entire situation a lot easier to
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