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Commentary: The Role of SWAPs In The Financial Panic of 2008

Traders Magazine Online News, December 17, 2010

Stephen J Nelson; The Nelson Law Firm, LLC

Most early reports blamed the sub-prime mortgage market, a story that was particularly appealing to those who believe everything should be blamed on left-wing policies intended to promote home ownership by blue collar workers. However, the numbers just don't add up. This is a story of the role SWAPs played in the crisis.

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