Crashes and Crises: Lessons from a History of Financial Disasters
Bankers Trust Swaps
S1 E15:
Learn the ropes for interest rate swaps, the most popular financial derivative in the world. Then, see how a complex form of swaps, brokered by Bankers Trust in the early 1990s, led to huge losses for some famous corporations and an ensuing round of bitter lawsuits. The case holds lessons for anyone investing in financial instruments that they don't fully understand.