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penknee

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penknee

Re: tedpeele post# 122494

Saturday, 06/24/2017 1:11:47 PM

Saturday, June 24, 2017 1:11:47 PM

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"We all know that the 2008 crisis was exacerbated by EXTREMELY COMPLICATED DERIVATIVE ALGORYTHMS written by a small number of high-ranking mathematicians. Did anyone blow the whistle on them?"

We do? That nonsense is right up there with mm conspiracy theories. It had nothing to do with mythical "high ranking mathematicians." The underlying loans were garbage, therefore the derivatives were garbage.
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