Niall Ferguson Quote

Agencies began to downgrade scores of RMBS CDOs (short for ‘residential mortgage-backed security collateralized debt obligations’, the very term testifying to the over-complex nature of these products).

Niall Ferguson

Agencies began to downgrade scores of RMBS CDOs (short for ‘residential mortgage-backed security collateralized debt obligations’, the very term testifying to the over-complex nature of these products).

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