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Guest Post: Princeton Economist and Computer Scientists Show that Derivatives Are Inherently Vulnerable to Fraud B

By Implode-Explode Heavy Industries

``The team examined what would happen if a seller knew that some mortgages were ?lemons? and structured a package of CDOs to benefit himself. They found that the manipulation may be impossible for buyers to detect either at time of sale or later when the derivative loses money.'' -- COUGHgoldmanCOUGH...

Full post as published by Mortgage Lender Implode-o-Meter on December 25, 2009 (boomark / email).