Resecuritization was a badly flawed idea. AAA tranches created from the mezzanine
Chapter 8, Problem 8.17(choose chapter or problem)
Resecuritization was a badly flawed idea. AAA tranches created from the mezzanine tranches of ABSs are bound to have a higher probability of default than the AAA-rated tranches of ABSs. Discuss this point of view.
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