Hedging Redefined

Amazing 7 month investigation by ProPublica (@ProPublica) on the question ‘Nobody in Wall Street saw what was coming’? regarding to the financial crisis. I mean; are we just going to accept that the crisis caught Wall Street by surprise and nobody saw anything unusual?. Banks giving mortgages to people who couldn’t afford it  and then selling it to other banks?. What the investigation discovers is more than an answer to the question. NPR’s This American Life played the piece and it’s a must listen. The first 40 minutes of the podcast explains CDOs, Equity Tranche, Credit Default Swap and how a hedge fund like Magnetar ended up making millions. The podcast is HERE

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