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Toxic Sandwich : from:
›
Depczyk
at the height of recession two banks are seen here packaging a loan to be sold on as a tasty Toxic Asset Sandwich.
illustrating Henry Tricks's article on consequences of lax mortgage lending entitled Chain of Fools.
made:
2008-02-06
link:
www.economist.com/node/10641119
keywords:
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banks
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assets
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toxic
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poisonous
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sandwich
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people
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loss
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dispossession
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recession
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securitisation
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mortgage
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lending
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default
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moral
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hasard
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subprime