A Devil's Dictionary of Finance

nhboy

Ubi bene ibi patria
"These days, even people who pay attention only to gallery openings and baseball scores are suddenly paying attention to what's happening on Wall Street. Investment bankers and hedge fund managers are crafting financial instruments the likes of which have never been seen by the industry, the consumer or the Federal Reserve. As mortgages melt down, the market gyrates, and the regulators make their pronouncements, here is a short list of some of the business terms and their meanings that are driving our wild financial ride."

A Devil's Dictionary of Finance
 
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