Day: June 24, 2011

Locusts + crops = stubbleLocusts + crops = stubble

Tetman Callis 2 Comments 9:06 pm

“CDOs were flawed from the outset, used too often as a junkyard for risky and substandard assets.  CDOs survived because of changes in the credit markets that produced an excess quantity of these assets and herds of investors hungry for higher yields.” — Anna Katherine Barnett-Hart, “The Story of the CDO Market Meltdown: An Empirical Analysis”