Actually, it's not. I'm bogged down with midterms still and tons of reading. In the spirit of brevity I'm just going to post this one image today. I've realized I've talked a lot about Credit Default Swaps (CDS), but haven't really explained what they are. Here is a great image that describes it well.
Enjoy some football today! How about that Stanford vs. USC game last night? Incredible.
Cheers,
EZ
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