This behavior goes back at least to biblical times. Wasn't there a story about Jesus ' curing ten lepers or crippled people, and only one of them came back to thank him? "But where are the other nine?" was his punch line.
We frequently hear that if…
I love that picture. Perfect complement to the story.
There was a WSJ op-ed piece about a month ago that told of one professor's valiant attempt to unravel and evaluate a bunch of CDOs. The impossibility of doing so quickly became evident. It was p…
(from a London-based fellow traveler)
Forrest Gump Explains the Mortgage Mess
Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal budd…
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