Use of Credit Default Swaps

                       

Just a few years ago CDS, or credit default swaps, were considered by some politicians to be the cause of the financial meltdown 0f 2008-09..

                       

Politicos conveniently forgot the real cause of the financial meltdown, which would have pointed to much of their past political activity. That financial debacle owed much more to Washington antics and influence than it did to Wall Street.

                       

Credit Default Swaps are needed in a burgeoning market by a number of industries, particularly big banks.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)