So, I'm nervous about my regional bank knife catch...... I hope it works for me... I'm researching some subprime exposure in the regional..... Fucking lack of transparency.
I've run a business for a long time, and if I was the CEO of a Bank, I'd have every subprime, alt A. derivative on my books, Clearly and directly accounted for. I'd have it on a spread sheat updated every day, on the lead investor page.
When I go through banks and I get a sense of it being "Convoluted", it scares the shit out of me.
I was trying to find something to get long.... and I just couldn't do tech. I thought about the agricultural play.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, December 20, 2007
Knife Catch
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