This article, from The Business Times of Singapore (via HedgeWorld), presents some reasons why searching for a scapegoat for the sub-prime/SIV/liquidity crisis is foolhardy and destructive.
I guess you can guess that I agree with most of the article.
Friday, February 1, 2008
Who's to Blame? Destructive Question
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Posted by Lawrence D. Loeb at 4:21 AM
Labels: Barney Frank, crash, credit, derivatives, fraud, hedge funds, market crisis, mortgages, Rating Agencies, regulation, risk, securitize, SIVs, Structured Investment Vehicles
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