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Big Bets Gone Bad

- Derivatives and Bankruptcy in Orange County. The Largest Municipal Failure in U.S. History

Om Big Bets Gone Bad

In December 1994, Orange County became the largest municipality in US history to become bankrupt. How can a municipal investment pool, which is supposed to be safe, lose billions of dollars? What are derivatives and how did they contribute to this tragedy? This book presents a description of the Orange County bankruptcy.

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  • Språk:
  • Engelska
  • ISBN:
  • 9780123903600
  • Format:
  • Häftad
  • Sidor:
  • 176
  • Utgiven:
  • 18. september 1995
  • Mått:
  • 143x217x11 mm.
  • Vikt:
  • 258 g.
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Leveranstid: Okänt - saknas för närvarande

Beskrivning av Big Bets Gone Bad

In December 1994, Orange County became the largest municipality in US history to become bankrupt. How can a municipal investment pool, which is supposed to be safe, lose billions of dollars? What are derivatives and how did they contribute to this tragedy? This book presents a description of the Orange County bankruptcy.

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