tag:blogger.com,1999:blog-7905515.post4023004006237566200..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: Complexity of the Subprime BubbleEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7905515.post-21542933041287548442008-11-25T07:35:00.000-06:002008-11-25T07:35:00.000-06:00not yourself, but the whole class of fund managers...not yourself, but the whole class of fund managers. connecticut is far, far, away in a galaxy from what happens in the real world.<BR/><BR/>fact is, money became too concentrated in a few (mostly incompetent) hands who can distort the markets too easily. see hedge funds ganging on the same names (porsche, GE) w/o much due diligence. GLRE's last call was a peach.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-14322658471845650892008-11-24T14:51:00.000-06:002008-11-24T14:51:00.000-06:00I was not an investor in these deals. Like everyo...I was not an investor in these deals. Like everyone else, I'm very interested in why it happened, and am learning new things about its genesis all the time.Eric Falkensteinhttps://www.blogger.com/profile/07243687157322033496noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-41232387267842988902008-11-24T14:12:00.000-06:002008-11-24T14:12:00.000-06:00the fact that 'sophisticated' playas just learn ab...the fact that 'sophisticated' playas just learn about DAP, after emitting opinions on the debacle for months, tells you all you need to know why it happened.Anonymousnoreply@blogger.com