[lbo-talk] origins of the housing boom

[Indian Jones]

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.