commented on

Every day we’re bombarded by often-contradictory advice on what to do to keep ourselves healthy

frightened by its style

experiment

Busted: Life Inside the Great Mortgage Meltdown Techniques commented onEnabled by know nothing complacency in Washington, Wall Street wizards used "collateralized debt obligations," "conduits," and other inscrutable financial "innovations" to put American home financing into hyperdrive. Millions of Americans abandoned the safety of thirty year, fixed rate mortgages and loaded up on debt. While regulators insisted that the markets knew best, Wall Street firms fragmented and repackaged unsound loans into securities that