a pointer good question Credit Default Swaps

[David Farber <dave () farber net>]

________________________________________
From: Gerry Faulhaber [gerry-faulhaber () mchsi com]
Sent: Friday, April 04, 2008 11:03 AM
To: David Farber
Subject: Re: [IP] Re:   good question Credit Default Swaps

I've read with interest (and a little amusement) this IP thread on the
financial meltdown re: CDOs, MBSs and what-all: watching techies explain the
financial system is much like watching economists explain ultrawideband (and
most of us were snoozing during the Fourier transform class in DiffEQ).
Kind of in over their heads, although some respondents have been getting
close.

The Economist magazine had an excellent, not-for-experts Briefing a week
ago; I would highly recommend this reading:
http://www.economist.com/finance/displaystory.cfm?story_id=10881318 .  My
take is that The Economist doesn't always get it right, but they are a
better source for economic issues than IP (sorry, Dave). [ IP got you to point djf]

Prof Gerry Faulhaber
Wharton School and Penn Law School
University of Pennsylvania
Philadelphia, PA 19103


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