Credit Derivatives Bring Down the (Financial) House
Banking Information, State of the Economy October 16th, 2008Interested in knowing what caused this current financial crisis?
A good place to start is with, “The $58 Trillion in the Room“, Jesse Eisinger October 15, 2008 article in Conde Nast’s Portfolio.com.
His opening paragraph contends the financial crisis has its roots in “a small team of bankers at J.P. Morgan in New York“. Eisinger builds his case well and provides a lucid description of credit derivatives, the invention of the J.P. Morgan team which left Morgan in a lurch.
October 16th, 2008 at 6:56 pm
[...] Free Annual Credit Reports wrote an interesting post today onHere’s a quick excerpt Interested in knowing what caused this current financial crisis? A good place to start is with, “The $58 Trillion in the Room“, Jesse Eisinger October 15, 2008 article in Conde Nast’s Portfolio.com. His opening paragraph contends the financial crisis has its roots in “a small team of bankers at J.P. Morgan in New York“. Eisinger builds his case well and provides a lucid description of credit derivatives, the invention of the J.P. Morgan team which left Morgan in a lurch. Share This Post …[I [...]
January 20th, 2009 at 8:10 pm
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