- Joined
- Feb 25, 2015
http://gawker.com/5899470/business-majors-are-basically-kind-of-dumbDo you ever provide proof of anything instead of just flinging insults?
you are being ableist
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http://gawker.com/5899470/business-majors-are-basically-kind-of-dumbDo you ever provide proof of anything instead of just flinging insults?
@Ruin Wow, you literally don't understand a thing about the financial crisis do you? Creation of mortgage backed securities -> real estate crash. JUST LOL.
Start with the folly of the financiers. The years before the crisis saw a flood of irresponsible mortgage lending in America. Loans were doled out to “subprime” borrowers with poor credit histories who struggled to repay them. These risky mortgages were passed on to financial engineers at the big banks, who turned them into supposedly low-risk securities by putting large numbers of them together in pools. Pooling works when the risks of each loan are uncorrelated. The big banks argued that the property markets in different American cities would rise and fall independently of one another. But this proved wrong. Starting in 2006, America suffered a nationwide house-price slump.
The pooled mortgages were used to back securities known as collateralised debt obligations (CDOs), which were sliced into tranches by degree of exposure to default. Investors bought the safer tranches because they trusted the triple-A credit ratings assigned by agencies such as Moody’s and Standard & Poor’s. This was another mistake. The agencies were paid by, and so beholden to, the banks that created the CDOs. They were far too generous in their assessments of them.
Don't really think you looked at how specialized those classes were. Never said they were "harder" than getting a CPA, just that I had more credits to get through, since that was your big issue.@flossman Wow, getting A's in history classes must have been tough my man. What a rigorous program.
Don't really think you looked at how specialized those classes were. Never said they were "harder" than getting a CPA, just that I had more credits to get through...
Now, what about my masters?
I'm shocked he can even tell us what "CPA" stands for, considering he thinks all I do is be a "bookstacking cuck."@hood CASH doesn't seem to know much about economics. I doubt he's even doing CPA coursework.
@Ruin I mean, where do you want me to begin? With the fact that mortgage backed securities market is already back to being a trillion dollar market? That you completely left out any mention of subprime mortgages? That you completely left out credit default swaps? There's just so much that it's obvious you don't understand.
Then I'd recommend you do before you ask me anything, okay cupcake?I didn't look at your masters
@hood CASH please explain to me value theory, its economics so you should be able to explain it
Didn't think you had it in you to actually look. Fucking coward. Why don't you tell me how your bachelors is harder than a PhD in... well, anything? Come on, baby, man enough?@flossman I don't need to look because I already know anything that teaches you how to stack books wasn't nearly as rigorous as what I did.
@autisticdragonkin I don't study economics like you my man. I only took 9 economics credits in college.