Ralph Liu's clever idea: SwapRentBy
Derivatives traders fueled the overlending of the housing boom by demanding huge volumes of mortgage-backed securities and their offshoots, few questions asked. But that doesn’t mean derivatives are all bad. In fact, a leading designer of derivatives has come up with a plan that he says would actually protect homeowners from the market’s crazy swings. And he may even be right.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.