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If you sell insurance with no intention of paying out, is that not fraudulent?
That is the advantage for the buyer of having insurance regulated. But since this is not insurance, I guess pretending to insure would be the correct name of the service. Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
the whole point of CDS swaps was to enable you to treat risky junk as though they were AAA investments and relieve you of the obnoxious reserve requirements
Capitalism: CDS buyers pretend to buy insurance and CDS sellers pretend to sell it.
Hm, not as catchy. Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
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