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Crashed: How a Decade of Financial Crises Changed the World, by Adam Tooze

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Prior to 2008 the market for US Treasury CDS had not existed. What would have been the point of insuring the risk-free asset class on which the entire global financial system rested?
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Crashed: How a Decade of Financial Crises Changed the World
Crashed: How a Decade of Financial Crises Changed the World
by Adam Tooze
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