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mifeng | 5 years ago

I was involved with similar trades at JPMorgan and Citi. Investment bankers gave these presentations to hedge funds to convince them to short the housing market. Then, they created a CDO, called the hedge fund the "manager" and tried to dump the bonds on Asian and Middle Eastern investors.

discuss

order

bottle2|5 years ago

> tried to dump the bonds

How did that go?

nickff|5 years ago

Not sure if you are being sarcastic, but some (Goldman Sachs) were more successful than others (Morgan Stanley).

icelancer|5 years ago

Pretty good, in actuality. Europe got it way worse than the United States.