bugstruck

Municipal Meltdown and Counterparty Conniptions

A complete waste of time? Uneducated claims?
Agreed on the no investment ideas.

We have limited information to aquire reasonable knowledge and a sensible grasp on this. That's Uneducated, Unprofessional, and Unbusinesslike!! How knowledgable were the people who implemented, supported, and theroetically benfited from this and the related scenarios that will impact all of our lives for years unseen? The derivatives mess in general could have been better understood and likely avoided with substantially better accountability. Opportunity missed.