July 2011
Intermediate to advanced
304 pages
8h 11m
English
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER SIX
Burning Down the Housing Market
Thanks to government sponsorship (Fannie Mae and Freddie Mac) and the deregulation of lending, subprime securitization produced bonds that were ideal for repackaging into CDOs. Soon, there was so much demand for CDOs that sourcing subprime mortgages was a bottleneck slowing down profits. Dealers cleared the bottleneck by inventing CDS bets on subprime bonds that could be bundled into CDOs instead of mortgage bonds. For the dealers to balance out these bets, they needed insurance companies like AIG to buy default swaps on the safest pieces of their deals, and they needed hedge funds like Paulson & Co. to bet against subprime. As the U.S. housing bubble began to burst in late 2006, the dealers bet against ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.