The Money View: Can CDS be exchange traded?

The video tutorial explains three scenarios involving credit default swaps. Initially, it describes a broker situation where Paulson buys credit default swaps as an asset. Then, it explores a dealer market-making scenario with Goldman Sachs acting as a dealer. Finally, it details the actual situation where Abacus was the counterparty for Paulson, involving the purchase of risky bonds and treasury bills.

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