one of the scarier derivative products as there is NO limit on the dollars that can be BET due the synthetic nature
those and CDS played a key role in helping the financial markets place themselves in a situation from which they could not recover without massive amounts of GOV help
F and F had nothing to do with either synthetic CDOs or CDSwaps - nothing at all
That "shadow - non market - counter party underground market dug a hole under the foundation of banks and brokerage houses and yes AIG
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