Charles Duhigg quote

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Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.
Charles Duhigg
Charles Duhigg
Charles Duhigg
Born: 1974

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Me, You, Long, Own, Pay, Promise, Some, Insurance, Go, Sell, Up, Selling, Goes, Just, Where, Swap, Agreement, Credit, Default, Belly, Bond, Basically

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