Complex financial instruments that few understood
The increasing complexity of Credit Default Swaps meant that very few people (and particularly the regulators) fully understood what was happening.
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The Global Financial Crisis »The Global Financial Crisis
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Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
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Pathology in the Credit Default Swaps market »Pathology in the Credit Default Swaps market
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Complex financial instruments that few understood
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Complexity means many decisions driven by computer algorithms »Complexity means many decisions driven by computer algorithms
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Credit-rating agencies underestimated risks »Credit-rating agencies underestimated risks
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Congress missed opportunity to regulate Credit Default Swaps in 2000 »Congress missed opportunity to regulate Credit Default Swaps in 2000
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