European Tribune - Comments - The Pyramid Scheme of CDOs

The Pyramid Scheme of CDOs | 30 comments (30 topical, editorial, 0 hidden)

Re: The Pyramid Scheme of CDOs (none / 1)

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

Re: The Pyramid Scheme of CDOs (4.00 / 2)

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.

When locusts move on, they leave nothing behind

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

Re: The Pyramid Scheme of CDOs (none / 1)

Hear, Hear.

Grabbing what you can, as John Ruskin said, isn't any less wicked when you grab it with the power of your brains than with the power of your fists.

by geezer in Paris (risico at wanadoo(flypoop)fr) on Wed Aug 22nd, 2007 at 05:53:38 AM EST
[ Parent ]

The Pyramid Scheme of CDOs | 30 comments (30 topical, 0 editorial, 0 hidden)

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