John Thain Quotes
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To model correctly one tranche of one CDO took about three hours on one of the fastest computers in the United States. There is no chance that pretty much anybody understood what they were doing with these securities. Creating things that you don't understand is really not a good idea no matter who owns it.
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John Thain
- Born: May 26, 1955
- Occupation: Businessman
- Cite this Page: Citation