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The structural issue that could cause the world's market of last resort to grind to a halt
August 2008
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This he did with the help of visual aids such as the one below. In the unlikely event that anything is not quite clear, the US legal profession is, as ever, standing by to take your call.
If someone calls up at 4pm on a Friday and says they have to sell and need a price, is it really fair to say to the rest of the market that this is what that risk is worth?
An ABS banker chews over the shortcomings of marking to market...
