Comments on: Financial collapse and a Wisconsin school board http://www.mathewingram.com/work/2008/11/02/financial-collapse-and-a-wisconsin-school-board/ ... at the intersection of media, technology, business and the web Tue, 04 Oct 2011 13:01:00 +0000 hourly 1 http://wordpress.org/?v=3.1 By: BobWarfield http://www.mathewingram.com/work/2008/11/02/financial-collapse-and-a-wisconsin-school-board/comment-page-1/#comment-374601 BobWarfield Mon, 03 Nov 2008 07:05:11 +0000 http://www.mathewingram.com/work/?p=3363#comment-374601 Seems to me Orange County got into deep trouble making derivatives investments not so long ago.<br><br>People never learn. Seems to me Orange County got into deep trouble making derivatives investments not so long ago.

People never learn.

]]> By: mathewi http://www.mathewingram.com/work/2008/11/02/financial-collapse-and-a-wisconsin-school-board/comment-page-1/#comment-374600 mathewi Mon, 03 Nov 2008 02:16:40 +0000 http://www.mathewingram.com/work/?p=3363#comment-374600 Thanks, CW -- I didn't mention the variable interest-rate part of the story because those kinds of bets aren't really that uncommon, or necessarily unwise (depending on the circumstances). A school board getting involved in guaranteeing collateralized debt obligations is a different story altogether. Thanks, CW — I didn't mention the variable interest-rate part of the story because those kinds of bets aren't really that uncommon, or necessarily unwise (depending on the circumstances). A school board getting involved in guaranteeing collateralized debt obligations is a different story altogether.

]]> By: mathewi http://www.mathewingram.com/work/2008/11/02/financial-collapse-and-a-wisconsin-school-board/comment-page-1/#comment-374599 mathewi Mon, 03 Nov 2008 02:15:07 +0000 http://www.mathewingram.com/work/?p=3363#comment-374599 Thanks for pointing that out, Steve. The story makes it clear that RBC was involved (although of course they claim that the board should have known what they were doing -- which is arguably true). I probably should have mentioned the Canadian connection, but my point wasn't to assign blame to any specific party -- I think the whole thing is reprehensible, and pretty much everyone is to blame. Thanks for pointing that out, Steve. The story makes it clear that RBC was involved (although of course they claim that the board should have known what they were doing — which is arguably true). I probably should have mentioned the Canadian connection, but my point wasn't to assign blame to any specific party — I think the whole thing is reprehensible, and pretty much everyone is to blame.

]]> By: BobWarfield http://www.mathewingram.com/work/2008/11/02/financial-collapse-and-a-wisconsin-school-board/comment-page-1/#comment-343765 BobWarfield Mon, 03 Nov 2008 02:05:11 +0000 http://www.mathewingram.com/work/?p=3363#comment-343765 Seems to me Orange County got into deep trouble making derivatives investments not so long ago.<br><br>People never learn. Seems to me Orange County got into deep trouble making derivatives investments not so long ago.

People never learn.

]]> By: mathewi http://www.mathewingram.com/work/2008/11/02/financial-collapse-and-a-wisconsin-school-board/comment-page-1/#comment-343763 mathewi Sun, 02 Nov 2008 21:16:40 +0000 http://www.mathewingram.com/work/?p=3363#comment-343763 Thanks, CW -- I didn't mention the variable interest-rate part of the story because those kinds of bets aren't really that uncommon, or necessarily unwise (depending on the circumstances). A rural school board getting involved in guaranteeing collateralized debt obligations is a different story altogether. Thanks, CW — I didn't mention the variable interest-rate part of the story because those kinds of bets aren't really that uncommon, or necessarily unwise (depending on the circumstances). A rural school board getting involved in guaranteeing collateralized debt obligations is a different story altogether.

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