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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (81085)7/6/2008 5:22:51 PM
From: ggersh  Respond to of 116555
 
Can't say I would blame them. You want him next door? As for me I'd love to see him buy a condo at the Hague....



To: Chispas who wrote (81085)7/7/2008 7:27:47 AM
From: Chispas  Respond to of 116555
 
How Models Caused the Credit Crisis ..

Snipped - "The reason that IndyMac was writing so many horribly bad mortgages was that there was no shortage of investors willing to trust models telling them that the bonds secured by those mortgages were incredibly safe. They didn't need to look at the mortgages themselves, since they had bankers using models to do that for them...."

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