BizJournals Portfolio
Nov 30 2007 12:00am EDT

Extra Credit, Friday Edition

Speech by SEC director Erik Sirri: "In retrospect, the super senior ABS CDO was nearly a perfect structure to lull even sophisticated traders and risk managers into a state approaching complacency — and blind them at least temporarily to fundamental principles of risk management that would not have been new to them and which they could surely recite from memory."

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