In developing the collateralised loan obligation, they hadn’t developed the goose that laid the golden egg. It turned out they’d developed the financial equivalent of an infectious haemorrhoid!"
(How Banks Bet Your Money - Dispatches)
Tuesday, February 26, 2008
An interesting take on the sub-prime mortgage crisis:
"It turned out that the smartest guys in the world weren’t as smart as they thought!
In developing the collateralised loan obligation, they hadn’t developed the goose that laid the golden egg. It turned out they’d developed the financial equivalent of an infectious haemorrhoid!"
(How Banks Bet Your Money - Dispatches)
In developing the collateralised loan obligation, they hadn’t developed the goose that laid the golden egg. It turned out they’d developed the financial equivalent of an infectious haemorrhoid!"
(How Banks Bet Your Money - Dispatches)
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1 comment:
Really interesting insight.The imagery used is fantastic.Good work guys.
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