The number and volume of freakish ideas about what to do have been multiplying. It's to the point where I'm getting more afraid of the solutions than the house we've pulled down over our heads (pun intended).
What's missing?
Why doesn't someone do a roundtable with a handful of people who value and trade the securities in question, instead of all these peripheral people, who couldn't price an option to save their firm, literally.
Friday, October 10, 2008
Financial Crisis - Producing More Heat Than Light
