(JOSH BIRNBAUM) "Our desk began to accumulate short positions, purchasing protection on individual securities through credit default swaps, largely from external C.D.O.managers who asked us to bid for these positions."

VOA: special.2010.04.30

The company has to have enough money on hand to pay out in the case of default.

保险公司必须储备足够的资金,以应对突发的保险事故

耶鲁公开课 - 金融市场课程节选

The company has to have enough money on hand to pay out in the case of default.

保险公司必须储备足够的资金,以应对突发的保险事故

耶鲁公开课 - 金融市场课程节选