Hints and tips:
...First, you can’t really walk around a five-year credit default swap on super senior tranches of Alt-A mortgages....
...The template is the Resolution Trust Corporation, created in 1989 to acquire bad loans from insolvent savings and loans institutions, the local mortgage lenders at the heart of the last great crisis in the...
...It had been more than three months since HSBC became the first big global bank to reveal multi-billion-dollar losses on subprime mortgage loans....
...The financial community’s finest, in the shape of Morgan Stanley, Merrill Lynch, Bear Stearns and Deutsche Bank snapped up, respectively, Saxon Capital, First Franklin, Encore Credit and MortgageIT when...
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