Dec 17, 2007

Rod Dubitsky on structured finance

Derivatives, or synthetics are like wearing a seatbelt that allows you to drive faster. The total dollar amount of losses, all these losses you're seeing, are from synthetics. No question, it changed the game dramatically.

~ Rod Dubitsky, Director asset-backed research, Credit Suisse, "Subprime Securities Began as Group of Five", December 17, 2007

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