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Krugman On the Subprime Crisis

Discussion in 'BBS Hangout: Debate & Discussion' started by gifford1967, Dec 3, 2007.

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  1. No Worries

    No Worries Member

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    To be fair, the rating agencies are waiting until the market has determined bond prices, before committing to their new and improved bond ratings.
     
    #21 No Worries, Dec 3, 2007
  2. No Worries

    No Worries Member

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    Bond Rating Agency Mission Statement:

    We must pander to the idiots that are our customers.
     
    #22 No Worries, Dec 3, 2007
  3. SamFisher

    SamFisher Member

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    You should put your money where your mouth is and buy some then - they're pretty cheap...
     
    #23 SamFisher, Dec 3, 2007
  4. deepblue

    deepblue Member

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    How do you know I am not. There will come a time when junks are worth picking up. (properly hedged of course)
     
    #24 deepblue, Dec 3, 2007
  5. Invisible Fan

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    The other half is that several banks don't know how much debt they have from those innovations as a result of the subprime meltdown. Maybe Krugman is calling for a more thorough understanding of these tools before widespread use?
     
    #25 Invisible Fan, Dec 3, 2007
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