In the video I sent out below, there were several buzz words that I
found here:
http://en.wikipedia.org/wiki/Structured_finance
-- Owen
On Oct 22, 2008, at 10:11 AM, Owen Densmore wrote:
This seemed to be a pretty sound analysis of the current crisis:
http://techtv.mit.edu/file/1448/
In particular, I was surprised to see how reasonable several things
I had thought to be "bad" were. For example, the "securitization"
of mortgages arose from a very reasonable desire to "smooth out"
risk. I hadn't understood their function before.
-- Owen
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