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I think the author understands CDOs just fine, what you probably want to miss is that the system is built on manufactured trust in what is an extremely corrupt
by luckydata 7y ago
I think the author understands CDOs just fine, what you probably want to miss is that the system is built on manufactured trust in what is an extremely corrupt environment. CDOs are not safe because ratings are a joke, as evidently proven by the facts that led to our last recession.
- AnimalMuppet 7y ago"What you probably want to miss" sounds very much like an accusation of bad faith. That's frowned upon on HN.
- luckydata 7y ago“I couldn’t help but notice...”
- AnimalMuppet 7y agoWhere are you quoting from? It's not in the comment you were replying to, nor anywhere upstream that I could find. And, wherever it is, why do you think it justifies assuming bad faith?