Securitization: the Adventure of the Top-Sliced Lender, Part 2, the slicer
[Continued from yesterday's Part 1.]
Investment bankers love to draw boxes and arrows
By now Mycroft Holmes’s enormous waistcoat was dusty with rainbow hued chalk dabs as this securitization primer roused his enthusiasm.
“Too significant by far,” he repeated, glowering at those unseen readers who had not read yesterday’s post. “We have all of the risk and one-third [...]
