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    David Bowie 'Started The Credit Crunch'

    Economics expert claims...

    January 13, 2009 by Jason Gregory | Photo by wenn.com
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    • I like the thought and makes lots of sense. The key issue with any securitisation is all to do with how risky the future returns are. Would you put much faith in bowie's future royalties? I wouldn't, not to say there aren't great tracks in there but you are buying into the whole back catalogue not just his classics. If the banks realised the same lesson in what they sold to each other we would be much better off!

      ~ by goodgrr 1/13/2009 Report

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    • Nonsense ! Clearly Davies knows little about securitisation. Mortgage-backed securitisation dates from the 1970s and the Bowie Bonds were not issued until 1997. The boom in securtisation occurred as a result of the advent of credit derivatives and FED de-regulation ; to even suggest that Bowie's securitization sparked the trend discredits the authors

      ~ by MTT 1/15/2009 Report

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    • Who knows, not me, I never lost control, You're face, to face, With the man who sold the world

      ~ by Rob 1/25/2009 Report

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    • so... actually... Bowie never caused the banking crisis. And i watched Evan Davis and he never suggested anything of the like. Shoddy journalism Jason... Bit slow in the news room this morning or something...?

      ~ by Jack 2/20/2009 Report

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