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
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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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Reckless securitisation on top of reckless lending
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