LATEST ANALYSIS
November 22, 2010
Global Banking Musical Chairs Leaves German Debt (Out)Standing
By Christopher Elias (UK)
Repackaging transactions can be a risky business, with “misdeeds” and often-opaque pricing realms recycling risk far beyond the subprime, as WestLB, the German bank, discovered to its embarrassment last week. A complex game of pass the parcel…
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