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To: Star Traveler

Just wait till they look at the REITs.

Commercial real estate is next! http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all
Recipe for Disaster: The Formula That Killed Wall Street
By Felix Salmon
In the mid-’80s, Wall Street turned to the quants—brainy financial engineers—to invent new ways to boost profits. Their methods for minting money worked brilliantly... until one of them devastated the global economy.


15 posted on 02/24/2009 11:27:27 AM PST by griswold3 (a good story is more compelling than the search for truth)
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To: griswold3

Okay, time to “trot out” Hitler’s problems...

Problems Hitler had with his mortgage...
http://www.youtube.com/watch?v=bNmcf4Y3lGM

Also, “Ballad of Bernie Madoff”
http://www.youtube.com/watch?v=n8pcME4MMj0


17 posted on 02/24/2009 11:33:16 AM PST by Star Traveler
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