Death by Derivatives
Back to: The $58 Trillion Elephant in the Room
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The $58 Trillion in the Room
The roots of this year’s financial crisis go back to a small team of bankers at J.P. Morgan in New York. Now, their invention—credit derivatives—has helped bring down Wall Street and has left Morgan with its biggest exposure of all.
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Deny Another Day
As investment banking collapsed, the dealmakers kept scrambling to make deals.
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