Analysts Question Whether Financial Sector Has Fully Learned From the 2008 Crisis

Have We Really Learnt The Lessons Of The GFC?

Have We Really Learnt The Lessons Of The GFC? Authored by Richard Ryan via BondVigilantes.com, It is 20 years ago this month that I sat in a pitch and listened to an investment bank describe their latest stroke of genius. In 2006, the Constant Proportion Debt Obligation (CPDO) was hailed as a financial innovation that appeared to offer something for nothing: a AAA-rated security paying a meaningful premium over cash. It was a structure that increased leverage as credit mark...

By Tyler Durden