Posts Tagged ‘securitization’

Is David Bowie to Blame for Credit Crunch?

Friday, January 23, 2009 6:00 Comments

According to the UK publication Mirror, David Bowie is to blame for the credit crunch and global recession.  Yes, that David Bowie.
In the article, BBC Today host Evan Davis claims that Bowie gave banks a dangerous idea when he sold the rights to future royalties in 1997.  The move was the first of its kind [...]

This was posted under category: economy, recession Tags: , ,