CDS Contracts Are a Commitment to Make Payments Overnight

It's not a credit falts fots are not like options. A c d s contract is a commitment to make payments overtime. We peak had seventy billion ecton, seventy one billion of notional insurance that cost about n average of seventy basis points per annum. About five hundred million dollarsbe committed to make five hundred million dollars a year a in payments for five years. So that's two and haf billion dollar commitment. No, that's not a small number. And that's why it's something that an individual really can't do....