Bloomberg just published the best article I have yet read on securitization.
Very cool stuff.
Brilliant in fact.
The benefits have been obvious: an amazing, unprecedented spurt of prosperity over the last 20 years.
The drawbacks are just now becoming painfully obvious to pretty much everyone in the world that uses money rather than barter.
So, how do we a planet tame the power of these "weapons of mass financial destruction" to retain as many of the benefits while reducing as many of the drawbacks as possible?
Wednesday, January 21, 2009
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