Rich, I just sent the good Dr an email. This beauty in his bio: Ph.D. in Economics, Massachusetts Institute of Technology Dissertation title: “The Effect of Tax Reform on the Owner-Occupied Housing Market”.
Here's my email to him today: (bet he doesnt reply)
Hello Professor Sinai, It appears there are myths being posted online that Bear Stearns geniuses used papers like yours to ignore all risks. Obviously, you empathically warned against betting for the sky. And obviously you had no idea that there was rampant fraud in CA and FL and that Bear Stearns execs were ignoring all due diligence as posted in the LA Times: http://www.latimes.com/business/la-fi-subprime17mar17,0,782997.story
Do you have any recent commentary on this matter? Thanks,
