The people who recognized the high likelihood of defaults were able to profit from that likelihood – First , they could sell the mortgage securities short – a straightforward wager that has long been available. Second , they could buy … Continue reading →
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Tagged as 1/20th of 1 %, CDS, credit default swaps, credit derivative, Deleverage, economic Pearl Harbor, Treasury Bills, US Treasury, Warren Buffett, weapons of financial mass destruction
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