Wednesday, January 23, 2008

Pam Martens: How Wall Street Blew Itself Up

 

Interesting peek behind how  the current financial crisis may have been started... and by whom.

The private company that would become Wall Street's ticker tape for pricing exotic credit instruments (derivatives on subprime mortgages and credit default swaps) started out as Mark-it Partners in 2001, the brain child of Lance Uggla while he was working for a division of Toronto Dominion Bank, TD Securities.

Pam Martens: How Wall Street Blew Itself Up

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