4 ms·
The irony is that the whole game is not that different from the mortgage backed security products that torched the world. The market's a lot smaller, but it lo
by ethbro 8y ago
The irony is that the whole game is not that different from the mortgage backed security products that torched the world.
The market's a lot smaller, but it looks a lot like the same information asymmetry that led to more and more complicated instruments being created and sold (in what was at its base a game of trying to push leverage).