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To: griswold3

The CAPM system also shares a lot of the blame, as dividing up those mortgages into so many sellable pieces until they are dumped into Tranches did a lot of the damage too...it was a combination of factors.

Sholes and Black created CAPM equation system, and one of them got a Nobel Peace Prize for it and other one got zilch, and then after the crash one of the Professors (on FoxNews Special) said that had been tried three different times and it did not work.


10 posted on 12/16/2008 2:13:26 PM PST by Kackikat (.It's NOT over until it's over and it's NOT over yet....The Trumpet will sound....)
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To: Kackikat
Fischer Black did not receive a Nobel economics prize for the simple reason that he had died two years before the award was made to Bob Merton and Myron Scholes. The Nobel committee doesn't make posthumous awards.

Your text makes it sound as if Black were the victim of some sort of conspiracy or ripoff (''got zilch''). ''Zilch'' is what everyone who is dead gets from the Nobel committee.

32 posted on 12/16/2008 2:36:44 PM PST by SAJ
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