Excellent and Interesting Reading!

Utterly fascinating look at the business of risk-assessment in CDO (collateralized debt obligations) creation during the run up to the current disaster. (Can't publish content from Wired.) The mathematics behind the fall.


Recipe for Disaster: The Formula That Killed Wall Street




Also there ... Here's What Killed Your 401K!




Also we must not forget this formula:  G+R+E+E+D

"I believe that banking institutions are more dangerous to our liberties than standing armies." ~ Thomas Jefferson





Josie06 Josie06
56-60, F
4 Responses Mar 5, 2009

Sound economic principles are not being exercised. Not allowing a crisis to go to waste is the motivator here to do anything and everything liberals have wanted to do for decades.<br />
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And d*mn the price!

I apologize.<br />
I and many of my friends have lost a lot of money. In July of ’08 I recommended that everyone who could scrape together some $ and buy. Buy low and sell high. Simple.<br />
Everyone I talked to was more confident then you sound. Including me.<br />
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I do not understand were we are going and the people I most respect are confused. <br />
I am saying that ALL I know, including me are reduced to speaking BS…DD

The illustrious and all knowing Dewduster has spoken.<br />
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jibes are a two way street.<br />
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If it is BS explain why with references and links to other sourced and published works. Otherwise your answer is BS.<br />
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i did place this here not only for reading (and i know it is long and complicated) but also for a reasoned discussion.