|
Get a copy of the book:
The Sellout: [U]How Three Decades of Wall Street Greed and Government Mismanagement Destroyed the Global Financial System [/U] by Charles Gasparino
It explains CDO's and other avenues that generated lots of money. It has the names, players, companies and defines all the terms.
I'm 2/3s thru this and the greed will just make you sick. The sad part is that many of the players are still involved in Wall Street. Case in point: John
Thain. This is the Merrill CEO that merged the company to Bank of America, not before he gave bonuses to the staff and had the expensive bathroom. He was forced to resign. Now with CIT as interim CEO.
__________________
Jim
1983 944n/a
2003 Mercedes CLK 500 - totaled. Sanwiched on the Kennedy Expressway
|