'Those that fail to learn from history, are doomed to repeat it' - Winston S Churchill. Hard to believe that the...
CREDIT DEFAULT SWAPS
Complex financial instruments called credit default swaps (CDS) have roiled the financial markets for months. What are these things and how risky are they? Should investors worry if their mutual fund owns some of them? If a company that's been deeply involved in this area of the market goes bankrupt -- as Lehman did -- what are the ripple effects?
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