de/fault
These pronouns are used by people who have a furry inflation fetish. These people won’t be very open about this, but get to know them and they will open up
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De/fault
De/fault by Default Settings for life1 February 19, 2021
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de/fault
If someone has “de/fault” in their bio they were a backpack kid, 9/10 they pissed their pants every weekend too. These people also have no friends and have never been in a 5 mile radius of a woman.
de/fault pronouns
a person who uses de/fault pronouns is typically found in comment sections promoting toxic masculinity, however on the inside they are very nice and cuddly and like shoving cucumbers up their bussy
person a: i use de/fault pronouns, take that lib
person b: oh ok i like your neopronouns, also what size do you like your cucumbers?
person b: oh ok i like your neopronouns, also what size do you like your cucumbers?
de/fault pronouns by bussy_smasher February 25, 2021
credit default swap
(FINANCE) financial instrument in which buyer is someone who needs insurance against the possibility that a borrower will default on a loan. In that case, the counterparty is whoever receives the CDS premiums, and pays out in the event of default.
WHY IT'S BAD
Loans are usually made by either commercial banks (in which a loan officer is supposed to make a professional assessment of risk of default before handing over the money), or by investment banks (which underwrite securities like bonds). If the borrower has a high risk of default, then the loan should not be made--period.
Credit default swaps were a stupid method of supposedly turning a bad loan into a "risky" (and potentially high-yield) "investment"; they were in reality a strategy for fraud. Since portfolio managers knew they were bundling securitized loans that contained mostly crap, they would arrange credit default swaps and cash in when the borrowers defaulted.
WHY IT'S BAD
Loans are usually made by either commercial banks (in which a loan officer is supposed to make a professional assessment of risk of default before handing over the money), or by investment banks (which underwrite securities like bonds). If the borrower has a high risk of default, then the loan should not be made--period.
Credit default swaps were a stupid method of supposedly turning a bad loan into a "risky" (and potentially high-yield) "investment"; they were in reality a strategy for fraud. Since portfolio managers knew they were bundling securitized loans that contained mostly crap, they would arrange credit default swaps and cash in when the borrowers defaulted.
What the bankers hit on was a sort of insurance policy: a third party would assume the risk of the debt going sour, and in exchange would receive regular payments from the bank, similar to insurance premiums. JPMorgan would then get to remove the risk from its books and free up the reserves. The scheme was called a "credit default swap," and it was a twist on something bankers had been doing for a while to hedge against fluctuations in interest rates and commodity prices.
{Newsweek, "The Monster That Ate Wall Street," 27 Sep 2008}
{Newsweek, "The Monster That Ate Wall Street," 27 Sep 2008}
credit default swap by Abu Yahya July 17, 2010