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If you're not allowed to see the underlying data, you don't buy the piece of paper. If they don't show you all the data you need, they are either lying or incompetent at data collection, and you don't buy the piece of paper.

Seems simple enough.

(Yeah, that would kill the entire securitisation market dead. That is a feature, not a bug.)

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Apr 26th, 2010 at 05:30:10 PM EST
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