credit default swap in a quote

"The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves."

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  • Definition for "credit default swap"
    • A credit derivative agreement between two counterparties, wherein…
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  • Sentence for "credit default swap"
  • Synonym for "credit default swap"
  • Urban Dictionary for "credit default swap"
    • (FINANCE) financial instrument which purchaser is…
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