Hi everyone,
On today's edition of the Financial Times there is an interesting
article on CDOs which highlights a kind of "sociological risk", not
easily quantified by mathematical asset valuation models but
significant nonetheless.
"Culture gap let toxic instruments thrive" -
http://www.ft.com/cms/s/0/1bc75024-d9df-11de-ad94-00144feabdc0.html
Best regards,
Bernardo