| ▲ | duncangh 2 hours ago | |||||||
Yeah this seems to me similar to how the mortgage backed security risk concentration occurred leading up to the global financial crisis. Whereby the risk from exposure to low grade / risky single mortgages was eliminated via diversification but the diversification was simply packaging all of the risky MBS’s together and in no way diversified or de-risked the entire portfolio | ||||||||
| ▲ | cromka an hour ago | parent | next [-] | |||||||
I don't see it. To me it's like having e.g. 3 drunk PhDs arguing between each other to settle on truthful answers to questions. | ||||||||
| ||||||||
| ▲ | Terr_ 2 hours ago | parent | prev [-] | |||||||
I'm hoping that the Big Horrible Realization comes sooner rather than later, when we have less collective damage and pain riding on it. (Plus I'd feel personally vindicated.) | ||||||||