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So why are people/institutions buying things they do not understand? If you ask me, they are the greedy party.
by navigatesol 8y ago
So why are people/institutions buying things they do not understand?
If you ask me, they are the greedy party.
- hannasanarion 8y agoOr you can be both. Part of the impetus for the 2007 crash was that investment companies like AIG were making complicated and obscure financial instruments that hid lots of risk, while also being the agency everybody looked to to grade the risk of financial instruments. They rated their own mortgage debt products as low-risk based on fraudulent analysis.