Value Judgments

Stein, Robert
February 2008
Best's Review;Feb2008, Vol. 108 Issue 10, p100
Trade Publication
The article reports on the impact of the subprime crisis to insurers. It cites that the subprime event is less about the known credit issues of the underlying cash flows and more about the collapse of confidence in the valuation of instruments. The article asserts that the subprime crisis is a significant reminder of the need to test valuation practices against the real world.


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