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Agreement Quote by Charles Duhigg

“Credit default swap is basically just an agreement that I…” quote by Charles Duhigg
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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

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