: If billions of credit default swaps were sold in 2008, did those people who bought them make a lot of money?

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: If billions of credit default swaps were sold in 2008, did those people who bought them make a lot of money?

In: Economics

Yes, some people saw it coming.
There is a movie about it called the big short.

Yes, unless you were unlucky enough to have bought them from one of the banks that went under.