My Role in the Collapse of Lehman Brothers

My Role in the Collapse of Lehman Brothers:

I wasn't a very good programmer when I was an intern there, and they had me working on various internal financial calculators. :-(

Google cache, for convenience (site appears to be down):

http://209.85.173.104/search?q=cache:3OZg4hYVaVYJ:www.orient...

this highlights a key component of the housing bubble not talked about much. the "official" home valuations quoted by assayers hired by either the homeowners or the banks. the banks, homeowners, and assayers all had incentives for inflating these quotes.