Friday, January 17, 2014

What could possibly go wrong.............?

Given their role in the 2008 meltdown, and their subsequent branding as toxic sludge, it is not surprising that "securitised" financial products have had a quiet few years.  Yet the transformation of mortgages, credit-card debt and other recurring cash flows into new marketable securities is enjoying something of a resurgence.
-as excerpted from this The Economist article

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