"It's like a truck full of chickens having a head on collision in an intersection and everyone watches it through their windows. It's a big mess but everyone is afraid to go out to the intersection to clean up the chickens - but eventually it gets cleaned up."
This is the metaphor used by Geoffrey Gwin Group G Capital Partners CEO to describe the situation in the fixed income markets that started in 2007. The crash followed the bad news about financial services companies and their exposure to sub
The week on Risk.net, December 2–8, 2017Receive this by email