I can't find anything I would disagree, and it casts a pretty good picture of the CFA profession. One statement I was quite surprised about, which is the high account of California, but on the other hand the coasts were known to be the main drivers of the housing bubble:
..."Of further interest, Dale Westoff, senior managing director of Bear Stearns, Inc., estimates that 25.8% of sub-prime and 41.2% of Alt-A originations were in California;"...
Our comment:
I can't find anything I would disagree, and it casts a pretty good picture of the CFA profession. One statement I was quite surprised about, which is the high account of California, but on the other hand the coasts were known to be the main drivers of the housing bubble:
..."Of further interest, Dale Westoff, senior managing director of Bear Stearns, Inc., estimates that 25.8% of sub-prime and 41.2% of Alt-A originations were in California;"...