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Big Bets Gone Bad
- Derivatives and Bankruptcy in Orange County. The Largest Municipal Failure in U.S. History
- Binding:
- Paperback
- Pages:
- 176
- Published:
- September 17, 1995
- Dimensions:
- 143x217x11 mm.
- Weight:
- 258 g.
Delivery:
2-4 weeks
Expected delivery: August 10, 2025
Description of Big Bets Gone Bad
In December 1994, Orange County became the largest municipality in US history to become bankrupt. How can a municipal investment pool, which is supposed to be safe, lose billions of dollars? What are derivatives and how did they contribute to this tragedy? This book presents a description of the Orange County bankruptcy.
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