Don’t you sometimes think that life is just as strange as a Rube Goldberg machine? You know the ones I mean; those crazy drawings of fantastically elaborate machines that link together events in implausible ways to generate some unexpected outcome. For example, at 7 a.m. a cuckoo bird emerges from an old clock, knocking a vase onto a see-saw, flipping a statuette into a fishbowl, splashing a cat that jumps from a mantle, tripping a string that turns a dial that lights a burner that cooks an egg, et voilà! You get the idea. The point is that in life, we see the cuckoo clock strike 7 a.m., but how could we ever imagine that this would lead to breakfast sunny side up? Yet so often life is just this complex. For a timely example, take cupcakes. Or more precisely,…

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2008 was a rough year. The housing bubble burst, the credit market collapsed, gas prices topped $4 per gallon and a beleaguered president finished his second term of hard fought, but hardly won battles. Not least among the list of deflated personas was the securitized products market. Mortgage Backed Securities, in particular, took the lion’s share of the blame for the systemic economic collapse, and in subsequent years became a four letter word that few were eager to revisit. But in recent years, much of what went wrong in ‘08 has begun to return with renewed strength. Housing prices have surged past pre-2008 levels, gas prices remain in the $3 range, and even the securitized market is reestablishing its mainstream acceptance. With securitizations coming back online after such a devastating fall, there are sure to be some changes in the…

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