it's wrong to create a mortgage-backed security filled with loans you know are going to fail so that you can sell it to a client who isn't aware that you sabotaged it by intentionally picking the misleadingly rated loans most likely to be defaulted upon
The FDR Framework is the backbone for a 21st century financial system. Under this framework, governments ensure that every market participant has access to all the useful, relevant information in an appropriate, timely manner. Market participants have an incentive to analyze this data because they are responsible for all gains and losses.
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Tuesday, October 18, 2011
A sign at Occupy Wall Street rally
An Atlantic article by Conor Friedersdorf described how the author's words made it to a sign at the Occupy Wall Street rally. The sign said:
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