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The Global Derivative Disaster


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#1 nimblebear

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Posted 20 September 2007 - 06:08 PM

The first inning ? ...."More laughter"

Try half way through the national anthem at the opening of a very long game.

Expert on CDO's, derivatives writes 4200 page tome on how this stuff works.

The interview with him is eye-opening. We have a long way to go if this guy is right. :unsure:

http://articles.mone...ket.aspx?page=1

P.S. and all of this crap started with Michael Milken in the early 80's. Remember that b*stard ?

Edited by nimblebear, 20 September 2007 - 06:11 PM.

OTIS.

#2 dasein

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Posted 20 September 2007 - 06:52 PM

hmmm, a lot of people warned of same, earlier - smart chap, gets his bread buttered on both sides. klh
best,
klh