More Super-Senior Tranches
December 3rd, 2008 by Nick SaintIf you’re not bored with this stuff yet, take a look at this post by Sam Jones. It helps begin to bridge the gap between the apocalypse Kohler is talking about in my earlier post and the apocalypse everyone else has been talking about. There is still some daylight there, which I’m doing my best to puzzle through, but this helps.
December 3rd, 2008 at 10:11 pm
[...] a little more information on the Kohler prediction. Felix Salmon tells me “[Kohler is] basing his argument on common first-to-default contracts, [...]