The Gausian Copula and Residential Mortgage Back Securities

New ways of leveraging and securitizing us. Residential mortgages were developed in two thousand one, resulting in the creation of a ten trillion dollar asset class that utterly collapsed during the great financial crisis. The gausian copula form doesn't look like much, but this little equation made billions of dollars in profits for wall street through hundreds of clever coyote schemes. It's what i'll call coyote math.