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Obvious question since corp debt uses the same financial black magic as housing loans, will corp debt crash the same way? In the USA there was a law passed pas
by fredgrott 4y ago
Obvious question since corp debt uses the same financial black magic as housing loans, will corp debt crash the same way?
In the USA there was a law passed past 2008 to deal with CDOs, but banks have found a loop-hole to go around it.
- cudgy 4y agoExisting corp debt has already crashed due to a rise in the bond yields to match the higher interest rate environment.