December 31, 2007
A Brief History Of Subprime
A clear plastic plaque on William Komperda’s desk memorializes a 1990 deal that helped launch the made-in-Orange County subprime lending bonanza.
Komperda, a former investment banker now living in Connecticut, calls the plaque a "tombstone," financial speak for a securities offering notice. But the "tombstone" symbolizes an industry that rocked financial markets around the world in 2007.
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