Posts tagged…Derivatives
The Panic of 2007
Wed, Aug 27 2008The sub-prime mortgage crisis sparked a financial market panic caused by lack of information on the current size of the problem. This market-information fault is due, in essence, to the way that the sub-prime mortgage is structured.
Not an easy analysis, but careful, complete, convincing. Hint: you can skip the really obscure stuff on derivative instruments and still find very good value in this…
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