On the recordMarch 3, 2010
the problem of shaky subprime mortgages was exacerbated in Wall Street by creating mirror derivatives based on the subprime securitized mortgages.
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congress.govKit Bond: “the problem of shaky subprime mortgages was exacerbated in Wall Street by creating mirror derivatives based on the…”
Editor's note · Context
Senator Bond discusses the impact of derivatives on the financial crisis.
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May 12, 2010
That number needs to be publicized because that is the greatest prophylactic to let people know if they are going to do it.
May 12, 2010
You mentioned that you are still confident in the official $5.8 billion estimate or whatever it was that OMB came up with.
May 12, 2010
We are interested in getting a handle on this because, as you have indicated, there are so many moving parts in this that we want to try to get a handle on as many as possible.
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