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C. David Henderson
04-16-2010, 02:22 PM
Couldn't happen to a nicer cephalopod:

http://www.sec.gov/litigation/complaints/2010/comp-pr2010-59.pdf

Well, yeah, I guess it could.

Rob Watson
04-16-2010, 06:51 PM
"synthetic collateralized debt obligation"

I actually heard a very cogent explanation of exactly what this is and basically it is 'hope'. As in "I hope I can make some cash on this gimmick." A paper bag of hot air is more collateral ...