>>made deliberately hard by people in the trade
Pay no attention to the little men behind the curtain.
Ivory Tower A$$Hats like Athreya like to prop up the facade that the Proletariat needs a Vanguard Elite to “understand” (or not?) that fraud and blowing a derivative bubble by securitizing A$$Paper is bad.
Well, most of us simple folks (with common sense) don’t need a “Kartik Athreya” to understand the double entendre meaning of ESAD - one being a directive commonly uttered toward pompous twits like Athreya - the other meaning simply that if you do, you will.
Eat A$$Paper and Die, Athreya - if you do, you will. PLEASE DO!
You’re gonna’ have to ice that knee, it jerked so badly.
lol.Perfect.
Who was to know that Kartik Athreya, Ph.D, self-described “worker bee” economist toiling away at the Federal Reserve Bank of Richmond, is responsible for the meltdown in the derivatives market? /s