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was it the wrong and agressive use of derivative
instruments that led to the financial crisis in the us and
the world over?
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Answer Posted / aditya ratnam
The exact answer to this is MBS and CDO.
MBS = Mortgage based securities.
CDO = collateralized Debt Obligation.
You can read the full Crisis story on wikipedia under the heading 'subprime mortgage crisis'
Regards.
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