Collateralised Debt Obligations and Sajid David

The Lehman Trilogy was disappointing in not explaining the 2008 crisis enough in terms of the products developed and sold that caused the crash>
The movie, The Big Short, has been available on BBC i-player recently and works harder to explain the products that did not represent secure investments, which included Collateralised Debt Obligations, which are highlighted at the end of the movie as been made available for sale again despite being in some way banned in the USA.
Meanwhile it turns out the new Chancellor of the Exchequer was dealing in these products for a bank in 2008.
John McDonnell has declared Sajid Javid as unfit for the role. Perhaps a better target might have been to get him to disown the products for today’s financial markets, and see where that took it.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s