I didn't realize that packaging trick. Agreed.
Chuck Norcutt
Chris Barker wrote:
> As I understand it, Chuck, the sub-primes were packaged with other
> investments at varying levels of risk. The risks were apparently
> indeterminate, a different sort of idiocy, I think.
>
> Chris
>
> On 3 Nov 2008, at 22:12, Chuck Norcutt wrote:
>
>> If investors acted like idiots when they originally bought all those
>> high risk, sub-prime, US mortgage securities what makes you think they
>> would act any more intelligently today? :-)
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