[lbo-talk] counting to 200

Carrol Cox cbcox at ilstu.edu
Wed Nov 7 16:30:57 PST 2007


Can this debt go around in a circle multiplying itself. A buys one of the (CDOs?), then borrows money on it from B who borrows money on it from C and so forth. I mean, can 200 billion actually be rather more than 200 billion in some pyramid fashion?

Carrol



More information about the lbo-talk mailing list