Reckless securitisation on top of reckless lending
Reckless lending practices spread from sub-prime to entire spectrum of mortgages—and securitization via RMBS and CDOs spread from banks to capital markets and investors in the US and abroad; increasing rather than reducing the global systemic risk.
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The Global Financial Crisis »The Global Financial Crisis
Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
Pathology in the Credit Default Swaps market »Pathology in the Credit Default Swaps market
Reckless securitisation on top of reckless lending
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