Originally Posted by
Smooth Airperator
Picked up a book about the subject from the library when I was about 10, does that count?
I understand the parallels (albeit in very basic terms) but we do live in an age of super complex financing deals that have one goal in mind...to mitigate direct financial risk. Combine that with group structures and offshore entities (all things that didn't exist back in the 1970s), does anyone here truly understand Norwegian's financial status considering they own 20% of a bank?
Yeah and how is Lehman Brothers doing with those NINJA Mortgages.
Bottom line in any business is cash is king, run out of it and you are dead.
Supercomplex financial deals don't mitigate risk to the borrower, only to the lender.