Question: 1.Credit Default Swaps [CDS] have been identified as the single major culprit for the collapse of the financial market. Do you agree?Explain, what CDS are,

1.Credit Default Swaps [CDS] have been identified as the single major culprit for the collapse of the financial market. Do you agree?Explain, what CDS are, what their uses are, and what was the role of CDS was in the ensuing financial crisis. What additional regulations should we enact regarding CDS?

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