Credit Protection Quotes

Credit-default swaps remedied the problem of open-ended risk for me. If I bought a credit-default swap, my downside was defined and certain, and the upside was many multiples of it.

Credit default swap gives you something to do. You can buy some credit default swaps from them to protect yourself against the bankruptcy of people who owe you money.

The Federal Reserve has the responsibility to protect the credit rights of consumers.

Credit-default swaps, I think, have serious problems associated with them.

Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.

Any informed borrower is simply less vulnerable to fraud and abuse.

Expanded credit access has helped households maintain living standards when suffering job loss, illness, or other unexpected contingencies.

Whether you're earning $7 an hour or $700,000 a year, it's very important to protect your credit rating.

Our main concern is that demand for credit be fulfilled in ways that are actually beneficial to consumers and not harmful to them.

A credit derivative, at its core, is actually a very simple concept... The simplest way to think of a credit derivative is it is analogous to insurance against the risk of a credit default by your counterparty, your business counterpart.