The Greatest Trade Ever--by Gregory Zukerman
This book recently written by one of columnists of Wall Street Journal is an interesting read. It also reveals the faultlines in the American Banking System and lack of common sense regulation. If the bankers are lending with confidence to sub-prime companies then how come they also issue insurance for default covers and make money on it at the cost of failure of the sub-prime companies.
Thursday, January 14, 2010
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