Northern Rock fiasco de-mystified

I was recently introduced to the blog, The Park Paradigm, and hope to soon meet up with its' author courtesy of a mutual blogger chum, as we evidently have much in common.

If you want to read a great explanation of why the current situation is actual very simple to understand, you should check out this post, which also highlights how easy it is for hedge funds to lose a packet on even AAA bonds, all thanks to the use of leverage.

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posted by John Wilson @ 10:00 PM Permanent Link newsvine reddit



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