Buying things you don't need with money you don't have?
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Warned about during June 2007

From Big Apple to Grab-Apple
June 19, 2007
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Source: SMH
New York’s new masters of the universe are enjoying a golden age – thanks to increasingly exotic and risky credit derivatives. Stuart Washington reports. NEW YORK’S Central Park is a verdant green, and dappled sunshine plays on happy family picnics, Frisbee throwers and New Yorkers just lying around. But the city’s investment bankers, lawyers and traders have no time for walks in the park. They are focused on an entirely different kind of green: money, and lots of it. [more]





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