Sunday, April 11, 2010

TV/FILM: Subprime Goes <b>Hollywood</b>

The Wall Street wizards who gave you credit default swaps want to turn the movie industry into their next casino. If you thought the mortgage-backed securities and other complex financial instruments that crashed the economy were risky, you'll love Wall Street's latest brainwave: a new financial market in which players can gamble on whether upcoming Hollywood movies will be blockbusters or bombs ...

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