Troubled Assets MBS
LIBOR The Economist 2008.10.8 the self-destructive power
Appendix Appendix
cf
GDP
IT IT
GDP ISDA CDS CDS ISDA CEO GDP GDP Greenspan Concedes Error on Regulation FRB FRB self-correcting power self- destructive power The New York Times, 2008.10.23 LTCM a huge mistake News Week, 1998.10.12 FBR
Roubini Global Economic Monitor http://www.rgemonitor/ GM GM
IT TV PC MODEL T GM T GM EU GM GM EU SAAB GM GM SAAB
APEC
J. M. Keynes: The Economic Consequences of Mr. Churchill / pp Appendix GDP
Landsbanki Kaupthing Glitnir GDP The Economist, 2008.10.11, p.85 GDP GDP GDP / e.g e.g. RMBS
GS GS LBO CDS A B B CDS MBS MBS CDS
MBS MBS CDO Collateral Debt Obligation
derive derivatives MBS MBS CDO CDS CDO
LTCM LTCM LTCM ABCP FRB Credit Risk Market Price Risk Explosion Implosion
CDS OTC CDS CDS CDS CDS CDS CDS AAA HBS HBS R COO J CEO p
FRB FRB L BP p p
the wealth nations states
prudence self-love IMF FRB IMF prudence
self-love prudence CDS reckless A B B B A projectors SIV
League of Nations, Monthly Bulletin of Statistics, February 1934, p.51. via C. P. p