Watch the Parking Meters

2008-07-12

The Experts

Everyone thought these guys were the best in the market at evaluating mortgages, so they let them skate by with huge debts and tiny financial cushions. But now it’s less clear they knew what they were doing, and it’s really hard to know who’s right and who’s selling pipe dreams and then hoping for the best.

- Thomas H. Stanton, John Hopkins University