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  • What's a Super-Senior Tranche? [View article]
    Good explanation of all the behind the scenes wangling and how even so called professionals can become so full of themselves that they overplay their hand.


    The flip side of the hedging transactions were companies like AIG who figured that "real estate always goes up" and so their risk model figured that they couldn't ever get whacked by levering up on issuing insurance for all those junk mortgage tranches.

    Oops indeed.
    Dec 02 14:15 pm |Rating: +1 -1
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