Hints and tips:
...As a former investment banker, Augar tells the story of the disaster in the financial markets. What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...Countrywide Financial Corporation, et al is ostensibly brought on behalf of purchasers of such CWALT, Inc. mortgage pass-through certificates, as well as various other mortgage-backed securities registered...
...But it may comfort Greenspan et al: after all, the more that traders use electronic systems, the less they need to use 19th century technologies, such as paper. So can we all relax? Not entirely....
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