Global financial crisis: Difference between revisions

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{{a|glossary|
{{a|glossary|{{image|Ironmountainbox|jpg|The [[global financial crisis]] personified. Well, ''objectified'', at any rate. Boxonified.}} }}{{quote|
[[File:Ironmountainbox.jpg|450px|thumb|center|The [[global financial crisis]] personified. Well, ''objectified'', at any rate. Boxonified.]] }}All [[David Bowie]]’s fault. He started this off by monetising his future royalties. Before you knew it, it was tranched [[CDO cubed|CDO<sup>3</sup>]] everywhere you looked, Morgan Stanley was on fire, the world was BURNING man and people were wandering round dazed and shell shocked and living under bridges in Manhattan in makeshift housing made out of [[Iron Mountain]] boxes.
“During the financial crisis, however, roughly two-thirds of losses attributed to counterparty credit risk were due to CVA losses and only about one-third were due to actual defaults.”
:— Basel Committee [https://www.bis.org/press/p110601.htm press release], 2011}}
All [[David Bowie]]’s fault. He started this off by monetising his future royalties. Before you knew it, it was tranched [[CDO cubed|CDO<sup>3</sup>]] everywhere you looked, Morgan Stanley was on fire, the world was BURNING man and people were wandering round dazed and shell shocked and living under bridges in Manhattan in makeshift housing made out of [[Iron Mountain]] boxes.


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Revision as of 16:37, 15 January 2024

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
The global financial crisis personified. Well, objectified, at any rate. Boxonified.
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Glossary

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“During the financial crisis, however, roughly two-thirds of losses attributed to counterparty credit risk were due to CVA losses and only about one-third were due to actual defaults.”

— Basel Committee press release, 2011

All David Bowie’s fault. He started this off by monetising his future royalties. Before you knew it, it was tranched CDO3 everywhere you looked, Morgan Stanley was on fire, the world was BURNING man and people were wandering round dazed and shell shocked and living under bridges in Manhattan in makeshift housing made out of Iron Mountain boxes.

See also

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