Tag: sub prime

0

‘The Trillion Dollar Meltdown’ – review

Posted by

Here is a book review for this great book….and this appeared in BSENSEX – BSE-SENSEX – it is a magazine which goes to the CEOs of companies listed on the BSE  and to all its members. The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash” by Charles R. Morris One of […]

Read More →
5

Now a complexity index!

Posted by

Imagine a pyt comes to you and is selling you a complex currency and interest rate derivative. Your Director Finance and CFO do not understand the product after 3 rounds of explaining. So the pyt goes to a rating agency and gets a certificate saying this product is “Category B”. Now the ego of the […]

Read More →