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Financial Contagion

一笔次贷如何变成 AAA 级 CDO?AIG 倒下时,全球信贷为什么 48 小时冻结?

Done
Case 1 ·

Case 2 ·

Case 3 ·

Centralized · AIG (1 hub, $17B)
Decentralized · 50 insurers (~$0.51B each, 1.5× buffer)