American casino(1)

•Download as PPTX, PDF•

0 likes•58 views

Shiva Kumar Reddy

slides

American Casino
Two “levels” of the economy
“Real “economy
“Virtual “ economy

American Casino
“Real “economy
- actual loans
- individual
borrowers
- actual physical
property (homes)
Denzel Mitchell
Amalene Wade
Patricia McNair

American Casino
“Virtual “ economy:
markets in
securitized debt
instruments
financial system as
a giant betting
casino

Fair dealings with borrowers?
Denzel Mitchell (teacher)
Mortgage borrower

Virtual Economy: trading
in MBS’s
Frank Raiter, Standard
and Poor’s bond rating
executive
Conflicts of interest?
Profit over judgment?

Virtual Economy: trading
in MBS’s
Investment
bankers
Conflicts of interest?
Profit over judgment?
“Off – loading” risk?

Virtual Economy: trading
in MBS’s
Investment
bankers
Commercial
Bankers
“Nobody had any skin
in the game.”

Moral Hazard
In a system of transactions in which risks are shared…
participants tend to exercise caution and care

More Related Content

Viewers also liked

Society, Culture & Me

Society, Culture & Me

Society, Culture & Me

Culture Society & Me

Culture Society & Me

Culture Society & Me

James rachels

Shiva Kumar Reddy

Studyabroad

Women's Expo

Jonathan glover (2)(1)

Jonathan glover (2)(1)

Jonathan glover (2)(1)

Shiva Kumar Reddy

Enron pack

Shiva Kumar Reddy

Conceptual map(1)(1)(1)

Conceptual map(1)(1)(1)

Conceptual map(1)(1)(1)

Shiva Kumar Reddy

505 syllabus fall 2016

505 syllabus fall 2016

505 syllabus fall 2016

Shiva Kumar Reddy

Medecins sans frontieres 1(1)

Medecins sans frontieres 1(1)

Medecins sans frontieres 1(1)

Shiva Kumar Reddy

Church organization

Church organization

Church organization

Shiva Kumar Reddy

Blue green algae

Blue green algae

Blue green algae

Viewers also liked (12)

Society, Culture & Me

Society, Culture & Me

Society, Culture & Me

Culture Society & Me

Culture Society & Me

Culture Society & Me

James rachels

Studyabroad

Women's Expo

Jonathan glover (2)(1)

Jonathan glover (2)(1)

Jonathan glover (2)(1)

Enron pack

Conceptual map(1)(1)(1)

Conceptual map(1)(1)(1)

Conceptual map(1)(1)(1)

505 syllabus fall 2016

505 syllabus fall 2016

505 syllabus fall 2016

Medecins sans frontieres 1(1)

Medecins sans frontieres 1(1)

Medecins sans frontieres 1(1)

Church organization

Church organization

Church organization

Blue green algae

Blue green algae

Blue green algae

Similar to American casino(1)

IRTA Conference - Barter 3.0 Intro

IRTA Conference - Barter 3.0 Intro

IRTA Conference - Barter 3.0 Intro

Mbb2

Fundamentals of Shadow Banking-UMKC

Fundamentals of Shadow Banking-UMKC

Fundamentals of Shadow Banking-UMKC

Umkc Economists

The digital revolution in money and finance is in the process of fundamentally transforming the traditional model of monetary exchange. Platform-based fintech and digital currencies enable near instantaneous peer-to-peer transfer of funds in ways that were hitherto not possible. The prospect of new digital currencies and other crypto-assets that go beyond national borders promise to redefine the way in which payment and settlement systems operate, reconstituting monetary-financial relations between users. This is likely to lead to changes in the architecture of the international monetary system and the role of government-issued money. In this presentation, I explore the digitization of money and its consequences.

From Bitcoin to Central Bank Digital Currencies: The Digitization of Money & ...

From Bitcoin to Central Bank Digital Currencies: The Digitization of Money & ...

From Bitcoin to Central Bank Digital Currencies: The Digitization of Money & ...

Medieval Diet

81 Funny and Serious Banking Quotes

81 Funny and Serious Banking Quotes

81 Funny and Serious Banking Quotes

Similar to American casino(1) (6)

IRTA Conference - Barter 3.0 Intro

IRTA Conference - Barter 3.0 Intro

IRTA Conference - Barter 3.0 Intro

Mbb2

Fundamentals of Shadow Banking-UMKC

Fundamentals of Shadow Banking-UMKC

Fundamentals of Shadow Banking-UMKC

From Bitcoin to Central Bank Digital Currencies: The Digitization of Money & ...

From Bitcoin to Central Bank Digital Currencies: The Digitization of Money & ...

From Bitcoin to Central Bank Digital Currencies: The Digitization of Money & ...

Medieval Diet

81 Funny and Serious Banking Quotes

81 Funny and Serious Banking Quotes

81 Funny and Serious Banking Quotes

More from Shiva Kumar Reddy

March 31 intro

Shiva Kumar Reddy

Learning differences(1)

Learning differences(1)

Learning differences(1)

Shiva Kumar Reddy

Hope in hell

Shiva Kumar Reddy

Gert common morality ol 505(1)

Gert common morality ol 505(1)

Gert common morality ol 505(1)

Shiva Kumar Reddy

Codes of ethics m intro(1)(1)

Codes of ethics m intro(1)(1)

Codes of ethics m intro(1)(1)

Shiva Kumar Reddy

505 case study #3(1)(1)(1)(1)

505 case study #3(1)(1)(1)(1)

505 case study #3(1)(1)(1)(1)

Shiva Kumar Reddy

More from Shiva Kumar Reddy (6)

March 31 intro

Learning differences(1)

Learning differences(1)

Learning differences(1)

Hope in hell

Gert common morality ol 505(1)

Gert common morality ol 505(1)

Gert common morality ol 505(1)

Codes of ethics m intro(1)(1)

Codes of ethics m intro(1)(1)

Codes of ethics m intro(1)(1)

505 case study #3(1)(1)(1)(1)

505 case study #3(1)(1)(1)(1)

505 case study #3(1)(1)(1)(1)

Recently uploaded

PITHAMPUR CALL WATTSAPP 98274,61493 THE MOST BEAUTIFUL INDEPENDENT ESCORT CALL GIRL SERVICE Kolkata WE ARE PROVIDING GENUINE CALL GIRL SERVICE I AM A a NATURAL BRUNETTES, SLIM BODY, NATURAL LONG HAIR AND ALL TYPE OF HAIR IS A NATURAL BRUNETTE IN THE MOST BEAUTIFUL INDEPENDENT ESCORT GIRL I AM A NATURAL BRUNETTE WITH ROOM AND HOTEL AND A NATURAL BRUNETTE WITH A BODY MADE FOR SIN AND ALL TYPE OF ME ALL THE TIME I SEND YOU A HAIR, VERY SOCIABLE AND FUNNY, READY TO ENTERTAIN TO ENTERTAIN U AND MAKE FORGET ABOUT TO GET ENTERTAIN U AND MAKE FORGET ABOUT ALL THE PROBLEMS. LET'S HAVE A WONDERFUL TIME TOGETHER AND FORGET ABOUT EVERYTHING ALL TYPE SERVICE ENJOYMENT SAFE AND SECURE IN CALL OUT CALL HOME AND HOTEL ANYTIME AVAILABLE AND ALL TYPE SERVICE ENJOYMENT

PITHAMPUR 💋 Call Girl 9827461493 Call Girls in Escort service book now

PITHAMPUR 💋 Call Girl 9827461493 Call Girls in Escort service book now

PITHAMPUR 💋 Call Girl 9827461493 Call Girls in Escort service book now

kapoorjyoti4444

Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...

Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...

Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...

Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING

Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING

Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING

Nanded Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Nanded Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Nanded Call Girl Just Call 8084732287 Top Class Call Girl Service Available

HomeRoots Pitch Deck | Investor Insights | April 2024

HomeRoots Pitch Deck | Investor Insights | April 2024

HomeRoots Pitch Deck | Investor Insights | April 2024

Hector Del Castillo, CPM, CPMM

PHX May 2024 Corporate Presentation Final

PHX May 2024 Corporate Presentation Final

PHX May 2024 Corporate Presentation Final

PanhandleOilandGas

KOLKATA CALL WATTSAPP 98274,61493 THE MOST BEAUTIFUL INDEPENDENT ESCORT CALL GIRL SERVICE Kolkata WE ARE PROVIDING GENUINE CALL GIRL SERVICE I AM A a NATURAL BRUNETTES, SLIM BODY, NATURAL LONG HAIR AND ALL TYPE OF HAIR IS A NATURAL BRUNETTE IN THE MOST BEAUTIFUL INDEPENDENT ESCORT GIRL I AM A NATURAL BRUNETTE WITH ROOM AND HOTEL AND A NATURAL BRUNETTE WITH A BODY MADE FOR SIN AND ALL TYPE OF ME ALL THE TIME I SEND YOU A HAIR, VERY SOCIABLE AND FUNNY, READY TO ENTERTAIN TO ENTERTAIN U AND MAKE FORGET ABOUT TO GET ENTERTAIN U AND MAKE FORGET ABOUT ALL THE PROBLEMS. LET'S HAVE A WONDERFUL TIME TOGETHER AND FORGET ABOUT EVERYTHING ALL TYPE SERVICE ENJOYMENT SAFE AND SECURE IN CALL OUT CALL HOME AND HOTEL ANYTIME AVAILABLE AND ALL TYPE SERVICE ENJOYMENT

KOLKATA 💋 Call Girl 9827461493 Call Girls in Escort service book now

KOLKATA 💋 Call Girl 9827461493 Call Girls in Escort service book now

KOLKATA 💋 Call Girl 9827461493 Call Girls in Escort service book now

kapoorjyoti4444

PARK STREET CALL WATTSAPP 98274,61493 THE MOST BEAUTIFUL INDEPENDENT ESCORT CALL GIRL SERVICE Kolkata WE ARE PROVIDING GENUINE CALL GIRL SERVICE I AM A a NATURAL BRUNETTES, SLIM BODY, NATURAL LONG HAIR AND ALL TYPE OF HAIR IS A NATURAL BRUNETTE IN THE MOST BEAUTIFUL INDEPENDENT ESCORT GIRL I AM A NATURAL BRUNETTE WITH ROOM AND HOTEL AND A NATURAL BRUNETTE WITH A BODY MADE FOR SIN AND ALL TYPE OF ME ALL THE TIME I SEND YOU A HAIR, VERY SOCIABLE AND FUNNY, READY TO ENTERTAIN TO ENTERTAIN U AND MAKE FORGET ABOUT TO GET ENTERTAIN U AND MAKE FORGET ABOUT ALL THE PROBLEMS. LET'S HAVE A WONDERFUL TIME TOGETHER AND FORGET ABOUT EVERYTHING ALL TYPE SERVICE ENJOYMENT SAFE AND SECURE IN CALL OUT CALL HOME AND HOTEL ANYTIME AVAILABLE AND ALL TYPE SERVICE ENJOYMENT

PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now

PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now

PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now

kapoorjyoti4444

Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS

Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS

Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS

30-minute NetSpeed Nuggets virtual session focused on using Storytelling, Purpose, Action, Relationships, and Kudos (SPARK) to design and deliver engaging virtual training. Use stories to frame key learning points. Explain a clear purpose for each activity. Make your virtual training action-oriented, build relationships to increase engagement, and create a positive learning environment with kudos.

Putting the SPARK into Virtual Training.pptx

Putting the SPARK into Virtual Training.pptx

Putting the SPARK into Virtual Training.pptx

Puri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDING

Puri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDING

Puri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDING

priyakumari801827

KOTA CALL WATTSAPP 98274,61493 THE MOST BEAUTIFUL INDEPENDENT ESCORT CALL GIRL SERVICE Kolkata WE ARE PROVIDING GENUINE CALL GIRL SERVICE I AM A a NATURAL BRUNETTES, SLIM BODY, NATURAL LONG HAIR AND ALL TYPE OF HAIR IS A NATURAL BRUNETTE IN THE MOST BEAUTIFUL INDEPENDENT ESCORT GIRL I AM A NATURAL BRUNETTE WITH ROOM AND HOTEL AND A NATURAL BRUNETTE WITH A BODY MADE FOR SIN AND ALL TYPE OF ME ALL THE TIME I SEND YOU A HAIR, VERY SOCIABLE AND FUNNY, READY TO ENTERTAIN TO ENTERTAIN U AND MAKE FORGET ABOUT TO GET ENTERTAIN U AND MAKE FORGET ABOUT ALL THE PROBLEMS. LET'S HAVE A WONDERFUL TIME TOGETHER AND FORGET ABOUT EVERYTHING ALL TYPE SERVICE ENJOYMENT SAFE AND SECURE IN CALL OUT CALL HOME AND HOTEL ANYTIME AVAILABLE AND ALL TYPE SERVICE ENJOYMENT

KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book now

KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book now

KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book now

kapoorjyoti4444

IN Port Alfred [[[[WhatsApp (((+2773.7758.557)) *____**)) ABORTION PILLS FOR SALE IN Dubai, Abu Dhabi, Alain, RAK city & Satwa IN Port Alfred [[[[WhatsApp (((+2773.7758.557)) *____**)) ABORTION PILLS FOR SALE IN Dubai, Abu Dhabi, Alain, RAK city & Satwa ABORTION CLINIC+27737758557 Our main goal is that of preventing unintended pregnancies and unwanted births Medical abortion procedures are available for terminating a pregnancy. Abortion Clinic offering ultimate Services in abortion with an experience of 29 years Abortion Pills for Sale in Johannesburg Carlton Centre, Bosman Pretoria, Ivory Park Midrand Tembisa, Bara Soweto, Benoni, Alexandra, Boksburg, Brakpan, Germiston, Springs, Gauteng South Africa.Abortion Pills For Sale In Midrand Abortion Pills for Sale in Pretoria Abortion Pills In Durban Legal Abortion Clinics In Vanderbijlpark Abortion Specialists In Tembisa Temong How Much Are Abortion Pills South Africa Pharmacies How Much For The Abortion Pill | Where Can I Get The Abortion Pill Abortion Clinic Services In Bellville Abortion Pills for Sale In Pretoria Central Abortion Pills In Bloemfontein Abortion Pills In Daveyton Abortion Clinic in Mafikeng Abortion Pills For Sale In Middelburg Abortion Pills For Sale In Burgersfort. Abortion Pills For Sale In Hazyview Abortion Pills For Sale In East London Abortion Pills For Sale In Port Elizabeth Abortion Doctor In East London Abortion Pills for Sale in Port Shepstone Abortion Pills For Sale In Roodepoort Abortion Pills For Sale In Tembisa Randfontein Women Clinic and Abortion Pills for Sale. Abortion Pills Sale Manzini Abortion Pills

The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait

The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait

The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait

Falcon Invoice Discounting: Empowering Your Business Growth

Falcon Invoice Discounting: Empowering Your Business Growth

Falcon Invoice Discounting: Empowering Your Business Growth

Falcon investment

QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx

QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx

QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx

Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar Call/Whatsapp:- +971551707352 Girls, Call Girls in Dubai, Dubai Call Girls Service, Indian Call Girls in Dubai, Pakistani Call Girls in Dubai, Independent Call Girls in Dubai, Cheap Call Girls in Dubai, Russian Call Girls in Dubai, Hot Dubai Call Girls I have Used the Service from this agency Yesterday in Bur Dubai Area. The Call Girl was so corporative and Fashionable. She Came Into my hotel room. I got This Dubai Call Girl numbers from Proven Expert so straightway I contacted her. I am so happy after using this agency service. This is highly recommended if you are a visitor in Dubai and you don't have an idea how to get the Call Girls In Dubai. This agency is having a big collection of Indian Call Girls In Dubai and Pakistani Call Girls In Dubai and the best thing about it is they all are verified, staff. Even They have a huge variety of Independent Call Girls In Dubai as well. This agency is holding a confirmed Staff which is a great opportunity for every user in Dubai or any part of UAE. After reading many positive reviews about this company i have decided to give it a chance. I contact on this Call Girl number mentioned in the tittle. The whole process was very transparent and clear. I received the Call Girls photos I chose one of them if I'm not wrong she belongs from Pakistan. She came in my hotel near Al rigga next bur Dubai area. I paid her 2500 aed for 4 hrs. We spent together very good time. She was neat and clean and she was wearing full black dress. I really liked her sense of humor. After the 8 hrs she gave me 30 mins extra for some gossip. i will always remember that Golden Shower. This is how my date ended up. Everything was great. This is called a quality service. I will always consider this Call Girl agency in future. Cheers A good option for practical people. Real girls with real Call Girls photos Dubai. It's social nature if you pay for something you require the best results from it. This same synopsis happened in my case. After many attempts finally I have found an established Call Girls Agency in Dubai. I prefer them to use their Call Girls because they are vaccinated and taking care of hygiene as well. they are clean and have a positive attitude. It was simple for me I was searching Dubai Call Girls Numbers and found this profile on proven Expert. then I contact their Tele caller he suggested Sam in 4 hrs for 2500 and guess what it was lovely moments being with her. Now I do not need to go anywhere or to anyone else. My participation was excellent with them, this is the only approved escorts service in Dubai with tested Call Girls. I am using their services for the last 9 months and they have never deceived me in any way. They have their own chauffeurs who bring the Call Girls in less time in any area of Dubai like Al Barsha, JLT or JBR or even Dubai Investment Park DIP too. I am writing here all after enduring your services in all situations. So confidentl

Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar

Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar

Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar

SRI GANGANAGAR CALL WATTSAPP 98274,61493 THE MOST BEAUTIFUL INDEPENDENT ESCORT CALL GIRL SERVICE Kolkata WE ARE PROVIDING GENUINE CALL GIRL SERVICE I AM A a NATURAL BRUNETTES, SLIM BODY, NATURAL LONG HAIR AND ALL TYPE OF HAIR IS A NATURAL BRUNETTE IN THE MOST BEAUTIFUL INDEPENDENT ESCORT GIRL I AM A NATURAL BRUNETTE WITH ROOM AND HOTEL AND A NATURAL BRUNETTE WITH A BODY MADE FOR SIN AND ALL TYPE OF ME ALL THE TIME I SEND YOU A HAIR, VERY SOCIABLE AND FUNNY, READY TO ENTERTAIN TO ENTERTAIN U AND MAKE FORGET ABOUT TO GET ENTERTAIN U AND MAKE FORGET ABOUT ALL THE PROBLEMS. LET'S HAVE A WONDERFUL TIME TOGETHER AND FORGET ABOUT EVERYTHING ALL TYPE SERVICE ENJOYMENT SAFE AND SECURE IN CALL OUT CALL HOME AND HOTEL ANYTIME AVAILABLE AND ALL TYPE SERVICE ENJOYMENT

SRI GANGANAGAR 💋 Call Girl 9827461493 Call Girls in Escort service book now

SRI GANGANAGAR 💋 Call Girl 9827461493 Call Girls in Escort service book now

SRI GANGANAGAR 💋 Call Girl 9827461493 Call Girls in Escort service book now

kapoorjyoti4444

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months

Chandrapur Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Chandrapur Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Chandrapur Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Solan Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Solan Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Solan Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Recently uploaded (20)

PITHAMPUR 💋 Call Girl 9827461493 Call Girls in Escort service book now

PITHAMPUR 💋 Call Girl 9827461493 Call Girls in Escort service book now

PITHAMPUR 💋 Call Girl 9827461493 Call Girls in Escort service book now

Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...

Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...

Bangalore Call Girl Just Call♥️ 8084732287 ♥️Top Class Call Girl Service Avai...

Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING

Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING

Berhampur 70918*19311 CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING

Nanded Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Nanded Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Nanded Call Girl Just Call 8084732287 Top Class Call Girl Service Available

HomeRoots Pitch Deck | Investor Insights | April 2024

HomeRoots Pitch Deck | Investor Insights | April 2024

HomeRoots Pitch Deck | Investor Insights | April 2024

PHX May 2024 Corporate Presentation Final

PHX May 2024 Corporate Presentation Final

PHX May 2024 Corporate Presentation Final

KOLKATA 💋 Call Girl 9827461493 Call Girls in Escort service book now

KOLKATA 💋 Call Girl 9827461493 Call Girls in Escort service book now

KOLKATA 💋 Call Girl 9827461493 Call Girls in Escort service book now

PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now

PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now

PARK STREET 💋 Call Girl 9827461493 Call Girls in Escort service book now

Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS

Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS

Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS

Putting the SPARK into Virtual Training.pptx

Putting the SPARK into Virtual Training.pptx

Putting the SPARK into Virtual Training.pptx

Puri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDING

Puri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDING

Puri CALL GIRL ❤️8084732287❤️ CALL GIRLS IN ESCORT SERVICE WE ARW PROVIDING

KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book now

KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book now

KOTA 💋 Call Girl 9827461493 Call Girls in Escort service book now

The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait

The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait

The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait

Falcon Invoice Discounting: Empowering Your Business Growth

Falcon Invoice Discounting: Empowering Your Business Growth

Falcon Invoice Discounting: Empowering Your Business Growth

QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx

QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx

QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx

Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar

Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar

Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar

SRI GANGANAGAR 💋 Call Girl 9827461493 Call Girls in Escort service book now

SRI GANGANAGAR 💋 Call Girl 9827461493 Call Girls in Escort service book now

SRI GANGANAGAR 💋 Call Girl 9827461493 Call Girls in Escort service book now

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months

Chandrapur Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Chandrapur Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Chandrapur Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Solan Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Solan Call Girl Just Call 8084732287 Top Class Call Girl Service Available

Solan Call Girl Just Call 8084732287 Top Class Call Girl Service Available

American casino(1)

1. American Casino Two “levels” of the economy “Real “economy “Virtual “ economy

2. American Casino “Real “economy - actual loans - individual borrowers - actual physical property (homes) Denzel Mitchell Amalene Wade Patricia McNair

3. American Casino “Virtual “ economy: markets in securitized debt instruments financial system as a giant betting casino

4. Fair dealings with borrowers? Denzel Mitchell (teacher) Mortgage borrower

5. Virtual Economy: trading in MBS’s Frank Raiter, Standard and Poor’s bond rating executive Conflicts of interest? Profit over judgment?

6. Virtual Economy: trading in MBS’s Investment bankers Conflicts of interest? Profit over judgment? “Off – loading” risk?

7. Virtual Economy: trading in MBS’s Investment bankers Commercial Bankers “Nobody had any skin in the game.”

8. Moral Hazard In a system of transactions in which risks are shared… participants tend to exercise caution and care