>> you're left defending a claim that virtually every banker and most companies
I don't need to defend that claim: most companies didn't care and neither they had enough resources to do their own, full due diligence into the state of America at the point of time. That's the job of the banks.
The fact that Russian companies held their debt in dollars has nothing to do with CDOs but rather their (false) belief in the stability of American economy.
I don't need to defend that claim: most companies didn't care and neither they had enough resources to do their own, full due diligence into the state of America at the point of time. That's the job of the banks.
The fact that Russian companies held their debt in dollars has nothing to do with CDOs but rather their (false) belief in the stability of American economy.