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Ready for some mortgage-backed securities fun?Meet "Merle Hazard," otherwise known as Jon Shayne, a 46-year old money manager with a philosophy degree from Harvard. In his time off from managing $120 million from his office in Nashville, he's made himself into a country music star and sings about the current state of the bond market.His stage name, "Merle Hazard", evokes the concept of "moral hazard" -- in which bad financial choices are encouraged by transferring the negative consequences of those choices onto others.His latest song is sung to the tune of Elvis' "In the ghetto", and begins:"At Georgica Beach, one windy … (1 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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