Not to heft blame on any particular entity for the housing collapse (well, in this article anyway), but one of the instruments that allowed the bubble to run so high in the first place was the Collateralized Debt Obligation. The CDO, as it is known, combined separate tranches (levels of security risk) of mortgages into […]
When you own a website, sometimes you need to type out an article and lay out your lamentations about the decline of something in your culture. Usually, this coincides with hitting a certain age and believing “that wasn’t the case when I was a kid”. I don’t have any excuse like that; my cynicism is a reaction to a perfect storm of articles in recent days which, far from moving the Overton Window, broke the window and ripped out all the framing. Heck, it probably knocked down the wall.