Lawrence Lokken (Florida) presents Swapping Our Way to Ruin: The Role of Credit Derivatives in the Mortgage-Finance Crisis at SMU today as part of its Tax Policy Colloquium Series. Here is the abstract:
The ongoing financial crisis has caused billions of dollars of losses to countless institutions and individuals, but it has also presented opportunities for great profits. This presentation discusses the interplay of mortgage securitization and credit default swaps and their role in the winning and losing of great fortunes.
