Q&A - Rohan Douglas


Q: What happened this summer - a necessary repricing or the beginning of a bear market?

A: The subprime mortgage market first started to show signs of distress at the end of 2006. Despite this, it was almost impossible to predict the scope and magnitude of the credit crisis that it triggered and the extent of the impact on short-term liquidity. Similar to the crisis caused by GM and Ford in early 2005, market participants were well aware of problems in the mortgage market and the potential fo

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