DOCUMENTATION: 1,700,000 PAGES.

DOCUMENTATION: 1,700.000 PAGES. How complicated are some of these securities? A friend sent me a link to a seminar report where James Grant, of Grant’s Interest Rate Observer, described the legal documentation for a collateral debt obligation company as having 1,700,000 pages.

This entry was posted in Economics. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *