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Old 21st October 2008 | 18:17
  #1015 (permalink)  
spinnaker
 
Joined: Sep 2003
Posts: 344
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From: Scottish FIR
# www "A Credit Default Swap is when Grass Strip Basher bets £100 with 99jolegg that Alex won't pay me back my £10."

What if I take a bet (CDS) with ChrisLKKB for £1000 that 99jolegg will loose on his CDS. And then I default on my payment of £10 to helimutt. I win £1000.
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