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Friday, October 02, 2009
Sucking out the poison - or injecting it?
Padders has directed me to the latest financial craze, the re-remic. And, no doubt, in all the detail will hide another toxic djinn, while bankers, ratings agencies and quants run far, far away with their salaries, fees and bonuses.
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Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!
Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.