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derivatives particularly credit default swaps played in the buildup uh to this mess how the existence of those instruments complicated the the fed and
treasury's bailout plan and how you'd suggest kind of regulating that market going forward if at all okay I I'll hit that one uh credit
default swaps uh in theory do the same thing that the underlying bonds do they just transfer the exactly the same kind of risk as buying the bond or selling
Listen to native speakers pronounce “treasury” in real conversational contexts with synchronized timestamps and subtitles.
1. A place or building in which stores of wealth are deposited; especially, a place where public revenues are deposited and kept, and where money is disbursed to defray the expenses of government; hence, also, the place of deposit and disbursement of any collected funds.