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A comment on Why the US military usually punishes misconduct but police often close ranks. Parent comment

Re:Why the US military usually punishes misconduct but polic... by NovemberWhiskey on Friday June 26, 2020 @11:09AM (#23652825)
A credit default swap is not an insurance contract; you're in the world of 'buyer beware' not 'utmost good faith'.

Even the monoline insurance wrappers around the various credit products were very atypically constructed insurance contracts.

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Re:Why the US military usually punishes misconduct but polic... by kansface on Friday June 26, 2020 @03:41PM (#23656104)
Not the swap itself, but the assessments provided by the ratings agencies.
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