So, say you had a bunch of private equity funds owning hundreds of stakes in more or less dodgy companies, you could bundles those together and tranche and clearly the top tier would be investment grade … Meet collateralized fund obligations!
ft.com/content/e4c4fd… https://t.co/l5RGo7pZWI
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…