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Wall Street's Shadow Market

Name: Wall Street's Shadow Market
Uploaded: 2008-10-05T12:06:00-0400
Duration: 12 min 17 s
Description: Steve Kroft lifts the veil on credit default swaps -- the private, under-regulated and poorly understood investments that helped decimate the economy. How and why did Wall Street make such a risky bet?

Steve Kroft lifts the veil on credit default swaps -- the private, under-regulated and poorly understood investments that helped decimate the economy. How and why did Wall Street make such a risky bet?