Posted by
Phil Henshaw-2 on
URL: http://friam.383.s1.nabble.com/MIT-experts-analyze-financial-crisis-debate-cures-tp1364627p1369816.html
Of course!, the reason they fooled everyone so completely was that they were
designed to be completely sensible. That's what is meant by the "black
swan".
Phil Henshaw
> -----Original Message-----
> From:
[hidden email] [mailto:
[hidden email]] On
> Behalf Of Owen Densmore
> Sent: Wednesday, October 22, 2008 12:11 PM
> To: The Friday Morning Applied Complexity Coffee Group
> Subject: [FRIAM] MIT experts analyze financial crisis, debate cures
>
> This seemed to be a pretty sound analysis of the current crisis:
>
http://techtv.mit.edu/file/1448/> In particular, I was surprised to see how reasonable several things I
> had thought to be "bad" were. For example, the "securitization" of
> mortgages arose from a very reasonable desire to "smooth out" risk. I
> hadn't understood their function before.
>
> -- Owen
>
>
>
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