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Search - Big Bets Gone Bad : Derivatives and Bankruptcy in Orange County. The Largest Municipal Failure in U.S. History
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Big Bets Gone Bad Derivatives and Bankruptcy in Orange County The Largest Municipal Failure in US History Author: 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? — In December 1994, Orange County became the largest municipality in U.S. history to become bankrupt. By borrowing heavily and placing the wrong bets, Orange County Treasurer Robert Citron ... more »
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Genres:
- Business & Investing >> Biography & History >> Company Histories
- Business & Investing >> Economics >> General
- Business & Investing >> Economics >> Public Finance
- Business & Investing >> General
- Business & Investing >> Economics >> Debt & Deficits
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- Nonfiction >> Politics >> General