Thanks, Leyla. All of the asset classes Wirz cites are standard components of asset backed securities. Oaktree for example has been investing in all that for years. What I keep trying and failing to determine is whether we have actually had a qualitative change in systemic risk, as seems to have happened with Credit Default Swaps before the Financial Crisis.
Thanks, Leyla. All of the asset classes Wirz cites are standard components of asset backed securities. Oaktree for example has been investing in all that for years. What I keep trying and failing to determine is whether we have actually had a qualitative change in systemic risk, as seems to have happened with Credit Default Swaps before the Financial Crisis.
That's a good question!