Harvard professor cannot answer a simple question
"That's what Harvard produces: Socialists and people unable to give a straight answer to a simple question.
A credit default swap is nothing more than a form of insurance on a loan: The lender subscribes a policy with the bank. The bank promises to compensate to the lender for any payments defaulted by the borrower. In exchange for that promise, the lender pays to the bank an insurance premium.
Is that so hard to explain, Mr. Professor and IMF boss??
Have you ever wondered why most banks, the IMF, the Fed, etc. failed to foresee the credit crisis?
Because they are full of students taught by mediocre "Professors" like this one ...
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So you have one professor who pissed himself because he got put on the spot and this directly translates to Harvard producing socialists and people unable to give a straight answer.
Logic failure.
YooHoo loves drama.
That's what I love about you. You know me as if we have been together forever.
Happy Valentine Day. I know you are too macho to tell your babe HP V Day in public, so send me a sexy text.
I will be waiting for you on skype as usual (9:30)
Patrick, can we vote to ban people? Maybe make it into some kind of weekly event? I guarantee that it'd generate good buzz.
Noooooo. I don't like where that's heading.
Please explain how an inability to explain a CDS makes him a socialist.
Flake's drunk.
With love.
Happy Valentine Day amor mio. Don't let them ban me. Tears, tears
Yohoo sucks.
That's all I have to add.
I do suck. I only suck Flake until HappyAnger got jealous and try to make him cheat with UFO.
Flake taste phalicious
Interesting video, but I don't really think that makes him a socialist.
Ban him
Seriously low quality trolling lately WTF
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