Bear Stearns, Hedge Funds, and the Mortgage Fallout
Book: Structured Finance and Collateralized-Debt-Obligations | Author: Janet M. Tavakoli | Publisher: John Wiley & Sons (2008) | ISBN: 978-0-470-44344-6
Book: Structured Finance and Collateralized-Debt-Obligations | Author: Janet M. Tavakoli | Publisher: John Wiley & Sons (2008) | ISBN: 978-0-470-44344-6
The second half of Chapter 3 picks up where the credit default swap discussion ended and covers total return swaps, CDS pricing, synthetic CDO structure, equity TRORS, information asymmetry, pay-as-you-go templates, and the credit indexes that eventually let people bet against the subprime market.