All the Devils Are Here, Part 2

By Grant Mullin, Third Year Law Student, Creighton University School of Law

This is a continuation of the previous posting on Bethaney McLean and Joe Nocera’s book All the Devils Are Here, which attempts to provide the reader with a hidden history of the financial crisis. The previous posting explored some of the laws in the run-up to the financial crisis of 2008. Next, the posting explained how credit enhancements from the Resolution Trust Corporation–the corporation that purchased the underwater loans from the second S & L crisis–taught investors clever . . .

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