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View Diary: Scientists *Prove* Toxic Assets are Impossible to Regulate (268 comments)

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  •  You do have a point...... (1+ / 0-)
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    xynz

    but there's no conceptual reason CDOs should be unfathomable.

    They are designed to be unfathomable. The bundlers are masters of deception, that is how they make their money. They know that if these CDOs were made easier to understand, they wouldn't have any buyers. They made them that way and then had AIG insure them so that investors would think that they couldn't lose. Only a handful of investors got repaid, like Goldman. Smaller players didn't come out of this too good. Think very complex shell game presented by con artists.

    If the people lead, the leaders will follow.

    by Mz Kleen on Sun Oct 18, 2009 at 10:18:02 AM PDT

    [ Parent ]

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