Joe Tanega gave a lecture on the subject of Securitization Law to graduate students of the Department of Financial Mathematics at the Columbia University. Close to 200 future financial engineers learned about complexities that real life brings into even a perfectly calibrated financial model. Joe's view of the ongoing market dislocation causes and remedies sparkled heated discussions. Let's hope that one days someone from this group of inspired young mathematicians will develop and implement a better securitization product, more fair and free of the conflict of interests.
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