Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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

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