The innovative feature of this scheme was that if the initial bets turned sour (i.e., \u003cbr\u003e\nsome of the bonds defaulted), the bank could increase its bet or “double down” in \u003cbr\u003e\n\u003cb\u003egambling lingo\u003c/b\u003e. The idea was that everything would work out in the end.
The Bubble Economy by"Robert U. Ayres"
Why the global economy has become increasingly unstable, and how financial \
The Bubble Economy
By:"Robert U. Ayres"
Published on 2014-06-06 by MIT Press
BOOKS ID : 98-uAwAAQBAJ
Ebook Title : The Bubble Economy
ETAG : W5TQYBt06MQ
ISBN_13 Code : 9780262027434
ISBN_10 Code : 0262027437
Book Print Type : BOOK
Rank : 30 for keyword gambling lingo
Book Author :"Robert U. Ayres"
Publisher : MIT Press
Book Pages Count : 370
Print Type : BOOK
Book's Categories :"Business & Economics"
Books Language : en
Text to Speech Access : ALLOWED
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