yglesias.thinkprogress.org - 1/5/2009
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Kevin Drum reads The Wall Street Journal and is prepared to hail fund manager Bob Rodriguez as “pretty spectacularly prescient”:
He saw storm clouds gathering in 2005 when newly minted pools of supposedly high-quality “Alt-A” mortgages began acting oddly….He ...
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trader incentive contracts, trend chasing and market manipulation
Angry Bear —
... Using his BA in philosophy Matt Yglesias gets this point. Compensation based, even in part, on short run mark to market profits is a recipe for disaster. ...
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