Machine Learning
What went wrong with orange county’s derivatives trades
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:04:14
- More information
Informações:
Synopsis
Orange county misread the credit market trend and experience massive losses and bankruptcy from a derivatives collapse. $1.6 billion upside down in trades, no exist, panick, forced restructuring. Buying and selling derivatives is gambling. Someone is a winner and someone is a loser. Some of the biggest users of derivatives are government sponsered enterprises (GSE): Fannie Mae, Ginnie Mae, and Freddie Mac. --- Send in a voice message: https://anchor.fm/david-nishimoto/message