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The folly of "ramping up production" of complex financial instruments.

Summarize the concerns that Gillian Tett wrote that the J.P. Morgan Chase innovators of complex financial instruments such as credit derivatives had by 2005. Why was "ramping up production" of these products, along with asset backed securities, without limit such a bad idea? What potential policies or practices could have made a positive difference at this time, and prevented disaster?

Financial Management, Finance

  • Category:- Financial Management
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