Archive for September 1st, 2009
Quote of the Day
I’m a little late getting to this, but it is a gem. Yves Smith:
Any student in a basic finance course who did a simple spread comparison, failed to assign a risk premium appropriate to the borrower, and ignored the option value of these facilities would get an F.
Since we assume that someone at the Fed [...]
Posted: September 1st, 2009 under The Dismal Science.
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