Where Did All The Money Go?
8: Securitization, Derivatives, and Leverage
George H. Blackford ©
Chapter 8: Securitization, Derivatives, and Leverage
explains the way in which income streams are securitized, the nature of
financial derivatives, and the way in which financial derivatives increase
leverage and, hence, in the absence of an exchange or clearinghouse,
increase instability in the financial system.
Where Did All the Money Go? How Lower Taxes, Less
Government, and Deregulation Redistribute Income and Create Economic Instability
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