incomed

In the intervening months, the world has still not fully come to grips with a crisis that exposed the frail underpinnings of massive financial enterprises, of which Lehman was just one; that unspooled the skein of deal-making that forged the unlikeliest of connections between, say, modestly incomed minibond investors in Hong Kong and a Dutch bank now owned by a Scottish bank now being sued by investors in Singapore; and that tutored homeowners already deeply plunged in the sub-prime mortgage crisis on such esoterica as CDOs, ABSs and CLOs.

2009 September 12, Jennifer Wells, “Revisiting recession's ground zero 1 year later”, in Toronto Star