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Criminal Law

: Z the Monthly Blog and Legal Newsletter

Hiding Mountains of Debt in Wall Street?

By 'Major' Mori Goodbar, Esq.

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Here's what I want to know more about. What about this "hiding mountains of debt in complex instruments?" It brought down Enron and others. Is that what the "mortgage backed securities" were all about? This is Fareed, in Newsweek: If there is a lesson to be taken from this crisis, it's a simple and old rule of economics: there is no free lunch. If you want something, you have to pay for it.

Full post as published by Z the Monthly Blog and Legal Newsletter on October 13, 2008 (boomark / email).

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