Douglas Abbott has shared: Behind the Financial Reform Push, Worries of Warring Regulators - ProPublica

Obstacles to reform, no surprise.
Behind the Financial Reform Push, Worries of Warring Regulators - ProPublica Source: propublica.org
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Douglas Abbott has shared: Eye on the Loan Modifications - ProPublica

Seeking understanding hoping it will lead to something better.
Eye on the Loan Modifications - ProPublica Source: propublica.org
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This is awesome!

The broadway song!!! Magnetar should win a Tony!


Bet Against the American Dream from Alexander Hotz on Vimeo.

Magnetar!

Magnetar, 1/3 to 1/2 of the C.D.O.s sponsored by Magnetar. Smart really smart, buying the riskiest layers (traunch) of the C.D.O.
Credit Default Swap, if the C.D.O. fails the swap pays out. So by generating the risk Magnetar stood to make exponential returns on the risky value of the C.D.O in the first place. Amazing!

Collateralized Debt Obligations = C.D.O.

No one saw it coming. Yes if we all say this enough times eventually every one will believe it.
This American Life, Inside Job.

Douglas Abbott has shared: Home | This American Life

Bet Against the American Dream, the musical?
Home | This American Life Source: thisamericanlife.org
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Verse 9

Verse 9
Fill your bowl to the brim
and it will spill.
Keep sharpening the knife and it will be blunt.
Chase after money and security
and your heart will never unclench.
Care about people’s approval
and you will be their prisoner.

Do your work, then step back.
The only path to serenity.4