The Curator finds, summarizes, and links to the highest-quality, most authoritative online sources of business and political news and information: breaking news, analysis, background and opinion. Learn more »
Have something you'd like to share?
Is there an important story you think we should cover or features you would like added? Let us know »
Analysts contend Wall Street sealed its demise by backing a 2005 bankruptcy code that in retrospect removed legal obstacles for counterparties - including hedge funds- to unwind derivatives trades and demand extra collateral from faltering institutions like Bear Stearns and Lehman Brothers. (FT)
Categories: Business & Finance Today · Financial Services
No Comments Yet
You can be the first to comment!
Leave a comment