One of the greatest videos on You Tube. This should be shown on all networks. I really mean it. I bet .00000001% of American really knows what happened with the Great Recession!! Heaven forbid anyone tells us!!
Sal….u are BRILLIANT! This was so clear. I totally understand CDS now. I have searched on the net for examples of what the heck they are…and you explained it so clearly here. Right…now onto the next video (I’ve watched about 5 today – they are addictive!)
There is no justification for aig to set aside in assets what they have insured ….as they can borrow to pay out in event of default. I don’t see this as being “shady”. It is subject to some risk, but so is everything else.
I’m doing research for an author and have needed to learn the entire sphere of the financial lexicon from scratch. This video is the best explanation on CDS’s BY FAR that I have seen
Reminds me of the Federal Deposit Insurance (FDIC) on savings deposits at your local bank. They insure WAY more in deposits than they could ever cover if there were a financial collapse.
The Illuminati aka blueblood scum like Rothschilds, Warburgs, Windsors, Al Gore, Al Pike, Putin etc rule Freemasonry. They’ll probably start WW3, force-vaccinate many in Fall, implement Codex Alimentarius and stage an alien invasion to get a fascist world government with us microchipped, so resist! Support Oracle Broadcasting, Dr. Deagle, David Icke & Project Camelot!
Very good explanation, Sal. I now see where the systemic risk they talk so much come from.
I don’t know if I think it is shady though. The one bit that is weird, is that it is the company itself that pays for the rating. One would think that the investor would have incentives to pay for a non partisan rating
Are there regulations for who can own a rating company? For instance, can an insurance company like AIG own their own rating company and be rated by them?
What a real pyramid scheme! So basically what he’s saying here is it is easy for AIG to get WAY, in over thier head!! When all the debt needs to be insured , it might not be, the hope from AIG’s perspective is that nobody goes under and they won’t have to dish out the money.
Yeah, AIG had it made! Isn’t this what the US Government has done since they are technically AAA rated? What happens if the US loses an A? Could it be the same thing that happened to AIG.
great job now give me something more about ifrs ias some hedge accounting
THESE ARE SOOOOOOOOOOOOOOOO HELPFUL. completely eclipse my shithouse lecture slides/readers i’m used to working with!
Great Job , The Government should Hire you , the best explanation about this practice , bar none.
One of the greatest videos on You Tube. This should be shown on all networks. I really mean it. I bet .00000001% of American really knows what happened with the Great Recession!! Heaven forbid anyone tells us!!
Thanks so much!!!
Thank you soooo much!!! I have a test tomorrow and this was the one thing I just could not get. I was so confused! (@,@)
aig got its AA rating based on its own assets, not what they can borrow….
Sal….u are BRILLIANT! This was so clear. I totally understand CDS now. I have searched on the net for examples of what the heck they are…and you explained it so clearly here. Right…now onto the next video (I’ve watched about 5 today – they are addictive!)
good job
thanx
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Brilliant stuff. had been trying to find reading material on this but kept getting consfused. this is so good! thanks!
do the banks only lend up to how much money they have in the vault in their basement??? clearly not even close!
Holy shit are you retarded?
The justification for collateral is the fact that the whole fucking economy just fucked itself over because of bullshit swaps like this.
God damn, with people like you alive it makes sense why the world is so fucked.
There is no justification for aig to set aside in assets what they have insured ….as they can borrow to pay out in event of default. I don’t see this as being “shady”. It is subject to some risk, but so is everything else.
excellent video! AIG’s business was really running on luck.
I’m doing research for an author and have needed to learn the entire sphere of the financial lexicon from scratch. This video is the best explanation on CDS’s BY FAR that I have seen
Great Vid!
Reminds me of the Federal Deposit Insurance (FDIC) on savings deposits at your local bank. They insure WAY more in deposits than they could ever cover if there were a financial collapse.
The Illuminati aka blueblood scum like Rothschilds, Warburgs, Windsors, Al Gore, Al Pike, Putin etc rule Freemasonry. They’ll probably start WW3, force-vaccinate many in Fall, implement Codex Alimentarius and stage an alien invasion to get a fascist world government with us microchipped, so resist! Support Oracle Broadcasting, Dr. Deagle, David Icke & Project Camelot!
very helpful video.. help me finishing my term report. thank you ^_^
Very good explanation, Sal. I now see where the systemic risk they talk so much come from.
I don’t know if I think it is shady though. The one bit that is weird, is that it is the company itself that pays for the rating. One would think that the investor would have incentives to pay for a non partisan rating
Are there regulations for who can own a rating company? For instance, can an insurance company like AIG own their own rating company and be rated by them?
Are there rules for how to rate?
Re-writing History by changing the story from “Creative Home Mortgages with Unreal Interest Rates” to Corporate Bonds. Fooling the masses
What a real pyramid scheme! So basically what he’s saying here is it is easy for AIG to get WAY, in over thier head!! When all the debt needs to be insured , it might not be, the hope from AIG’s perspective is that nobody goes under and they won’t have to dish out the money.
ok nice tehr
Yeah, AIG had it made! Isn’t this what the US Government has done since they are technically AAA rated? What happens if the US loses an A? Could it be the same thing that happened to AIG.
That was awsome. Thanks for the explanation.
Wonderful Explanation…The Best…
.. Thanks so much