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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Paul Kern3/8/2008 7:19:40 PM
of 306849
 
I suppose its time to post this again


Ten reasons as to why the Titanic was actually a securitisation instrument:


1) The downside was not immediately apparent.

2) It went underwater rapidly despite assurances it was unsinkable.

3) Only a few wealthy people got out in time.

4) The structure appeared iron-clad.

5) Nobody really understood the risk.

6) The disaster happened overnight London time.

7) Nobody spent any time monitoring the risk.

8) People spent a lot trying to lift it out of the water.

9) People who actually made money were not in original deal.

10) Despite the disaster, people still went on other ships.
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