Confusing Quote by Michael Lewis

Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If…

— Charles Duhigg

“A credit default swap was confusing mainly because it wasn’t really a swap at all. It was an insurance policy, typically on a corporate…

— Michael Lewis

Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of…

— Robert F. Engle

Credit-default swaps, I think, have serious problems associated with them.

— Alan Greenspan

I think the credit default swaps can take the place of the rating agencies who really have missed the ball in this procedure and…

— Robert F. Engle

If you pay attention to where your exposures are, you might tend up buying credit default swaps against a variety of people that you…

— Robert F. Engle

I'm no financial expert. I scarcely know what a coin is. Ask me to explain what a credit default swap is, and I'll emit…

— Charlie Brooker

The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on…

— Ben Stein

“There was more than one way to think about Mike Burry’s purchase of a billion dollars in credit default swaps. The first was as…

— Michael Lewis

Not raising the debt ceiling does not trigger a default, because we've got enough money to service our debts. Default is when you can't…

— Ted Yoho

The money has to be deferred with what they call "clawback," which means they can get it back if I lose it all. So…

— Richard Thaler

Not raising the debt ceiling is not an automatic trigger for a default.

— Ted Yoho