Read Fool’s Gold, by Gillian Tett. Answer the four questions listed below. The assignment must be typed and turned in as a hard copy. Your goal is to convince me that you read the book.
- What are credit default swaps and why was the concept so important to financial institutions?
- Describe the “BISTRO” concept and what its purpose was, why was it so important?.
- Pick 3 important “players” in the book and briefly describe their roles/influence.
- Are “Credit Default Swaps” good things or bad things in your opinion? Explain why.
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