Why this bull market is just getting started
The financial press has a favorite bogeyman: the “AI bubble.” Hardly a day goes by without a commentator invoking the ghosts of 1999, cautioning that the historic run in tech…
Distressed assets, structured solutions: bad loan securitization
Securitization is a financial process that transforms illiquid assets, such as loans or receivables, into marketable securities. While this practice is common for high-quality assets like residential mortgages and credit…