Looking beyond the spin of Big Pharma PR. But encouraging gossip. Come in and confide, you know you want to! “I’ll publish right or wrong. Fools are my theme, let satire be my song.”
Email: jackfriday2011(at)hotmail.co.uk
Paddy - thank you for the simple illustrative example of CDOs. I'm interested to find out how the second "bottle" is allowed to have AAA rating tranches when the securities that make up its contents are a pooling of BB securities from the first "bottle"? Many thanks in advance
1 comment:
Paddy - thank you for the simple illustrative example of CDOs. I'm interested to find out how the second "bottle" is allowed to have AAA rating tranches when the securities that make up its contents are a pooling of BB securities from the first "bottle"?
Many thanks in advance
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