spook 0 Posted March 20, 2008 Share Posted March 20, 2008 good explanation RD. nice and easy for a layman like me to understand Link to post Share on other sites
Rag-Doll 0 Posted March 20, 2008 Share Posted March 20, 2008 No worries spook. In my previous life I spent many a long day documenting CDOs, CLOs and synthetic versions of both.....ah the good ol' days! Sadly they've come back to haunt me in other ways. Link to post Share on other sites
indosnm 0 Posted March 20, 2008 Share Posted March 20, 2008 It truly amazes me the amount of leveraging that some of those funds were allowed to do. Needs to be some kind of regulation. Link to post Share on other sites
Rag-Doll 0 Posted March 20, 2008 Share Posted March 20, 2008 Absolutely. Given the amount of money tied up in them it is just crazy how the operate. I was once told that the total amount of money in hedge funds globally amounts to something like 2-3% of the entire global wealth. That's a lot of money running around unchecked. Link to post Share on other sites
BagOfCrisps 24 Posted March 21, 2008 Share Posted March 21, 2008 It most certainly is. It is a mad situation and I am too close to it all. Link to post Share on other sites
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