(JOSH BIRNBAUM) "Our desk began to accumulate short positions, purchasing protection on individual securities through credit default swaps, largely from external C.D.O.managers who asked us to bid for these positions."

VOA: special.2010.04.30

Before I begin, I want to just give some more thoughts about the diversification through securities and that will lead us into insurance.

在我讲课之前,我想让大家思考下,证券业的多元化,以便引入保险这一课题

耶鲁公开课 - 金融市场课程节选