US structured product investors unwilling to abandon capital guarantees

Hanging on to protection

lightning storm

Within the last decade, US investors have experienced two major financial meltdowns and multiple market downslides. The so-called irrational exuberance of the 1990s' Internet bubble abruptly began losing air in March 2000, followed by 2007's sub-prime mortgage debacle, which led to the bankruptcy of Lehman Brothers in September 2008 and a full-blown global crisis. Despite accusations that investors have short memories, those in the US seem unlikely to forget for some time yet. Many investors

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