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Further swaps are planned.
(Spy swaps are back, too).
"Swaps are perceived as riskless.
Credit default swaps are a prime example.
Other swaps are more imaginative.
"Mostly such swaps are beneficial, or harmless.
Most (77%) swaps are interest rate swaps.
Credit default swaps are derivative contracts.
The reference obligations for these swaps are subprime RMBS.
The agency swaps are not intended to be disruptive.
Because the swaps are derivatives, no shares actually change hands.
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