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mortgage-backed securities

  • 15 years on from The Big Short, securitisation is back

    The Big Short hit bookshelves 15 years ago, but the era of securitisation it depicts is far from over — in fact, it’s booming, says Tim Focas Fifteen years ago this month, Michael Lewis’s The Big Short hit bookshelves, exposing how Wall Street’s reckless financial engineering fuelled the 2008 financial crisis. It was a cautionary tale to [...]

    Ashmore suffered from a drop of appetite but is preparing for a rebound

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