Nice summary, that's the most straight-forward explanation I have heard so far.
On Sat, Oct 11, 2008 at 2:15 PM, Maureen wrote: > Actuarial tables are based on historical data. There is not enough > historical data regarding mortgage based credit derivatives to produce > accurate tables. No one has ever lent money to this pool of debtors > at this volume before. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:273654 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
