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Ms Cuttle

Key Facts - 26 views

Who - investment banks, commercial banks, Fannie & Freddie, credit ratings agencies,

started by Ms Cuttle on 10 Apr 12 1 follow-up, last by Ms Cuttle on 10 Apr 12
Ms Cuttle

Definitions - 17 views

Toxic assets "An asset that becomes illiquid when its secondary market disappears. Toxic assets cannot be sold, as they are often guaranteed to lose money. The term "toxic asset" was coined in the...

started by Ms Cuttle on 10 Apr 12 1 follow-up, last by Ms Cuttle on 10 Apr 12
Ms Cuttle

Simon Johnson: How Bank Executives Piled Up Risk for Own Reward - NYTimes.com - 4 views

economix.blogs.nytimes.com/...ship-of-knaves

economics financial crisis incentives Wall Street

shared by Ms Cuttle on 10 Apr 12 - No Cached
    • Ms Cuttle
      Ms Cuttle on 10 Apr 12
       
      Good article on incentives
  • One view of executives at our largest banks in the run-up to the crisis of 2008 is that they were hapless fools. Unaware of how financial innovation had created toxic products and made the system fundamentally unstable, they blithely piled on more debt and inadvertently took on greater risks.
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