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Steve Duin is truly out of his element here, is apologetic lead in to this was a sham for his ignorance and his meddling into something that he knows nothing about. The underlying financials in this were hidden within those who sold the credit default swaps, everyone from the parents, to the treasurer, Oppenheimer etc., did their due diligence, but the risks were lied about in such a way that NOBODY saw them. Those who packaged and sold the CDS were the true villains in this, and the OCSP was caught into it. The perfect storm of financial conditions that happened this past year brought all this to light and exacerbated the problem. But at this point to try and blame the treasurer and the OCSP is ludicrous and exposes Duin for the poor thinker he really is!

posted 4 years, 4 months ago
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