FIN401Proj2 - The CDS role in Financial Crisis Housing...

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The CDS role in Financial Crisis Housing bubble over years fueled by increased issuing of sub-prime mortgage loans Issuers sold off cash flows, no need for responsibility CDOs blindly rated triple AAA QuickTimeª and a decompressor are needed to see this picture.
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The CDS role in the Financial Crisis cont. CDO’s rated AAA when in reality deserved far lower rating CDSs used to hedge bank risk against mortgage-backed security default Banks purchased CDSs from AIG among
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FIN401Proj2 - The CDS role in Financial Crisis Housing...

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