Description:Â Director of the SEC’s division of Risk, Strategy, and Financial Innovation Henry Hu maps out how credit default swaps work.
Source: CNNMoney.com â€“ video report
Questions for discussion:
- Summarize the financial arrangements between banks, companies, and investors that define credit default swaps.
- Â What is the problem, if any?
- Should there be regulation of this market and if so, what should it involve?