Assertion: investment bank | /r/CapableOf | use financial innovation
Facets:
value: to enable large wagers
type: PURPOSE
value: essentially
type: DEGREE
Source sentences:
text: Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.