APR 22 2010

Wall Street Cassandras

Collateralized debt obligation, Wall Street

Image via Wikipedia Allowing an investor to design and to help select the debt that comprises a Mortgage CDO it plans to bet against, unknown to those who would later invest in the Mortgage CDO, is unthinkable–one would think.  But, apparently, that’s the way many on Wall Street work–without a moral foundation. The main faults of our federal…

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