Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is — Janet M. Tavakoli, Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization
Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is — Janet M. Tavakoli, Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization
Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is — Janet M. Tavakoli, Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization
Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is — Janet M. Tavakoli, Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization
Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is — Janet M. Tavakoli, Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization
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Hedge funds have made massive leveraged credit bets, knowing that their upside is billions in fees and their downside is millions in fees.

— Janet M. Tavakoli, Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitization
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