sophisticated investors

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    “Sophisticated” Investors Now Claiming They Were Ignorant (Baby) Sheep

    And don’t give them that crap about the disclosures– those things were paragraphs long! You think a sheep reading at a 3rd grade level’s gonna go through all that? When Merrill Lynch & Co. raced ahead of its rivals to become the king of collateralized-debt obligations last decade, pensions and hedge funds weren’t its only […]

    / Jun 11, 2010 at 2:18 PM

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