Normally banks operating in their own self-interest will protect their investors and CDS's presented a no-lose scenario in which the risk burden fell on "someone else". In reality the risks were still there but hidden away, several layers deep.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma