[lbo-talk] origins of the housing boom

Indian Jones lburgindianjones at gmail.com
Tue Aug 30 11:36:54 PDT 2011

SA wrote:
>>> On 8/29/2011 2:41 PM, Ted Winslow wrote:
>>> It's not true that risk was "never really hidden."
>> Plenty of people sounded this warning. Many were rejected or fired.
>> Ask Robert Shiller about it.
> Definitely. And I bet every you'd find the same pattern in every
> bubble.
The risk you originally referred to is a deception. It is conditioned on "forecasts in Wall Street models" and only adequate for misrepresentation.

Hiding in plain site is a long-standing means of deception and also useful in evading prosecution. If there was any risk being managed here, the perception of risk was.

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