[FRIAM] MIT experts analyze financial crisis, debate cures

2008-10-22 Thread Owen Densmore 

This seemed to be a pretty sound analysis of the current crisis:
  http://techtv.mit.edu/file/1448/
In particular, I was surprised to see how reasonable several things I  
had thought to be bad were.  For example, the securitization of  
mortgages arose from a very reasonable desire to smooth out risk.  I  
hadn't understood their function before.


-- Owen




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Re: [FRIAM] MIT experts analyze financial crisis, debate cures

2008-10-22 Thread Owen Densmore 
In the video I sent out below, there were several buzz words that I  
found here:

  http://en.wikipedia.org/wiki/Structured_finance

-- Owen


On Oct 22, 2008, at 10:11 AM, Owen Densmore wrote:


This seemed to be a pretty sound analysis of the current crisis:
 http://techtv.mit.edu/file/1448/
In particular, I was surprised to see how reasonable several things  
I had thought to be bad were.  For example, the securitization  
of mortgages arose from a very reasonable desire to smooth out  
risk.  I hadn't understood their function before.


   -- Owen




FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
lectures, archives, unsubscribe, maps at http://www.friam.org