Bond market of 80's close to sub-prime crisis
by case8 on January 10, 2008Micheal Lewis's book is entertaining, though a bit rambling.
The most striking thing to me about the book, however, is how similar the 1980's bond market was to today's sub-prime mortgage crisis. Both seem to revolve around the 'securitization' of questionable debt -- how often do we have to repeat the same mistakes?
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