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  • Modelizar correctamente un tramo de una CDO llevaba unas tres horas en uno de los ordenadores más rápidos de Estados Unidos. No hay ninguna posibilidad de que casi nadie entendiera lo que estaban haciendo con estos valores. Crear cosas que no se entienden no es una buena idea, independientemente de quién sea el propietario.

    "John Thain Admits He Didn't Understand Merrill's Risks" by John Carney, www.businessinsider.com. October 07, 2009,.
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. - John Thain
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