no they aren't ponzi schemes. ponzi schemes depend on cash flow and use money from new investors to pay fake gains to older investors.
a credit default swap is basically insurance on a bond. a bondholder can buy a credit default swap on a bond, if the issuing company defaults on the bond then the seller of the credit default swap pays the bondholder the face value of the bond.
----- Peace Coast -----
I know I don't have an actual layout yet but if you guys are going to search for jobs and could search using www.denverjobs.co
it would help me a ton. Thanks