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you may not like their risk engineering or their foolishness in taking on risk in excess of what was prudent, but CDOs are not a Ponzi scheme which is outright fraud.

this sort of rubbish is why the street puppet school of economics is so appealing (not).

by HiD on Sat Aug 18th, 2007 at 03:39:47 PM EST
the street puppet school of economics

Inquiring minds have a job seeing any school of economics for which street puppetry is not an approximately adequate metaphor.

by afew (afew(a in a circle)eurotrib_dot_com) on Sun Aug 19th, 2007 at 05:32:24 AM EST
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Hear, Hear.

Capitalism searches out the darkest corners of human potential, and mainlines them.
by geezer in Paris (risico at wanadoo(flypoop)fr) on Wed Aug 22nd, 2007 at 05:53:38 AM EST
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