Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County. the Largest Municipal Failure in U.S. History by Philippe Jorion, Robert Roper

Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County. the Largest Municipal Failure in U.S. History

Philippe Jorion, Robert Roper

176 pages • first pub 1995 (editions)

nonfiction challenging informative medium-paced
Powered by AI (Beta)
Loading...

Description

How can a municipal investment pool, which is supposed to be safe, lose billions of dollars? What are derivatives and how did they contribute to this tragedy? In December 1994, Orange County became the largest municipality in U.S. history to becom...

Read more

Community Reviews

Loading...

Content Warnings

Loading...