Such seething brains, such shaping fantasies

摘要

Once it was Alan Green span's view of financial in novation that held sway. The former chairman of the Federal Reserve believed that new tech niques and products made America's financial system more resilient. Securitisation the bundling of mortgages into securities that were sold to in vestors-diversified and dispersed risk. Credit-default swaps (cdss) cushioned lenders from shocks.