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Big Bets Gone Bad : Derivatives and Bankruptcy in Orange County. The Largest Municipal Failure in U.S. History
Big Bets Gone Bad Derivatives and Bankruptcy in Orange County The Largest Municipal Failure in US History
Author: Philippe Jorion
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 »
ISBN-13: 9780123903600
ISBN-10: 0123903602
Publication Date: 9/18/1995
Pages: 176
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Publisher: Academic Press
Book Type: Paperback
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