To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2 posted on
03/18/2009 10:31:20 AM PDT by
TigerLikesRooster
(from "Irrational Exuberance" to "Mark to Zero": from '96 to '09)
To: TigerLikesRooster
Yes, a severe underestimate of default correlations is precisely what is at the root of this crisis.
3 posted on
03/18/2009 10:44:04 AM PDT by
curiosity
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