John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
This illustrates a partially-funded synthetic CDO typical of the failed structure in the subprime meltdown. "Partially-funded" refers to the fact that only a fraction of...
Sub-Prime Mess Means Digital Woes
The sub-prime mortgage mess has many implications: new barriers to getting a mortgage, the tumbling stock market, and yes, maybe...
A Richter Scales ode to the 2007 credit crunch, sub-prime implosion, and hedge fund blowups on Wall Street.
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Download the MP3:...