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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: stan_hughes who wrote (364416)4/3/2008 1:23:44 PM
From: Real Man  Read Replies (1) of 436258
 
You'll like that

The Banker Who Predicted Mortgage, Credit Crises

He was in the perfect position. He's not just a writer; he ran a company that created the software investment banks and hedge funds use to build these new, exotic credit instruments. And he saw how they used his software, and thought, "This is crazy," he says. "I was sure that people weren't keeping track of the trends so they had proper margins and collateral and so forth."

Now we know who the PPT is? -g-

npr.org
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