Preface
Finance is a dry, unemotional subject. At least, it should be. Discussing any aspect of it should not be a cause for undue stress or argument. It isn’t as if one is debating abortion rights or the Arab–Israeli peace process when one enters into a conversation on financial products. Any discourse in this field should be logical and objective, aimed at arriving at a sound solution that meets the needs of the relevant stakeholders.
Sadly, in the era following the banking crash of 2008, when the US and a number of European governments had to spend a considerable sum of taxpayers’ money saving their banking sector, we encounter considerable subjective and emotional debate in finance. Some commentators have suggested that ‘CDOs’ caused the ...
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