7min chapter

The Security Analysis Podcast cover image

Liar's Poker

The Security Analysis Podcast

CHAPTER

The Rise and Fall of Mortgage Bonds

This chapter explores the introduction and evolution of mortgage bonds by the Salomon Brothers, detailing the challenges and successes that shaped the financial landscape. It critically examines the hubris and manipulative practices of Wall Street, foreshadowing future economic crises and highlighting a pivotal investor bailout that marked the firm's decline.

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