Nov 08, 2008 in Book, CFA, Columbia, Copulas, Hedge Funds, Interview Prep, Interview Questions, Investment Banking, Markets, Mathematics, Tech Tricks, Time Series Links
Archive for the 'Markets' Category
NY Times Overview of the Credit Crisis
Nov 07, 2008 in Credit Derivatives, Derivatives, Markets
The NY Times has a nice collection of articles about the credit crisis entitled Credit Crisis — The Essentials. On this page, you will be able to follow the developments from the origins of the crisis through the bank failures and seizures to the latest updates. There is a Credit Crisis Navigator, which is a list of documents and reports from various sources that the editors have compiled for more in-depth background.
 One book that seems very timely right now is FIASCO: The Inside Story of a Wall Street Trader by Frank Partnoy. I am reading it right now, and the author details how derivative transactions were structured to obtain AAA ratings from the ratings agencies that they didn’t otherwise deserve. It really foreshadows the CDO meltdown.Â