Resecuritization was a badly flawed
‘Resecuritization was a badly flawed idea. AAA tranches created from the mezzanine tranches of ABSs are bound to have a higher probability of default than the AAA-rated tranches of ABSs.’’ Discuss this point of view.
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lsquoresecuritization was a badly flawed idea aaa tranches created from the mezzanine tranches of abss are bound to
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