Current Events — HabitableZone

Current Events » in reply to Who says the bets were crappy?

The debt swap market, wherein ultimately the instruments are valued.

You can't pin this on regulation. That paper is worth exactly and only what other buyers think its worth in a free marketplace- This crisis is market driven. Nobody wants to buy mortgage backed securities, this demand drops, thus....

You do understand economics, the free market, etc?

Yeti

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