Date: June 24th, 2008

“It’s worth what I say it’s worth”: Part 2, done on paper

24 June, 2008 (07:49) | Capital markets, Finance, Regulation and Reform, Securitization, Subprime, US News | No comments

[Continued from yesterday's Part 1.]
 
Yesterday, using a New York Times article as a springboard, we examined Humpty Dumpty’s question of value: what does value mean, and who decides that it means that? 
 

“Everything’s coming up roses”
 
For reasons I listed yesterday, the assets are often valued by people who have a vast vested interest in seeing them [...]