Jeremy Mabbitt - 'I helped cause the credit crunch' - FT

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Jeremy Mabbitt – ‘I helped cause the credit crunch’

Jeremy Mabbitt – ‘I helped cause the credit crunch’

via a SFF reader

Here is an article you should find interesting–from Galopagos they backed into CDO/MBS—hence to the underlying securitization documentation—then to the notes themselves—all developed to all predictable failure—to enable vultures to not only bet against the securities but to know which to buy during the ensuing panic.

[Financial Times]

 

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