Subprimes and the threat of lawsuit

I thought this was quite interesting, albeit exaggerated and overly polemic.  It’s an example of what can happen when securities buyers threaten to rebel against a high level of background fraud (which is otherwise just priced into average values).  And here is Jim Surowiecki’s column on the subprime crisis, which I liked very much.

Elsewhere on Mark Thoma’s site, I learn that Jim Glassman has a new job.

Addendum: Here is Felix Salmon on the topic.


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