Category: Credit, Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “The Effect of Large Investors on Asset Quality: Evidence from Subprime Mortgage Securities”

  1. rd says:

    One of the ways that the large investors benefit Wall Street is that they create a large market for new asset types. This then allows Wall Street to sell the artificially colored light frothy topping to the small investors while pretending it has the same characteristics as the cake underneath that the large investors get. But every now and then, even the large investors suddenly realize that they have a big appetite that day and go after the light frothy stuff as well.