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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (16405)	1/17/2009 8:25:29 PM
From: Real Man	1 Recommendation Respond to of 71475

The CEOs sure got golden parachutes, but the quants that ran the derivative thing got fired and have nothing. The way things look, the CEOs had probably no clue either, and neither did anyone else, including Bernanke and Hank or even the quants who ran the thing, as they paid attention to var more than notional. Otherwise they would not let Lehman go. They thought of a "demo case" - they are not doing moral hazard (after the Bear outrage). Oh well... CDS literally blew up in their face and the stock markets crashed. Well, they did start to get a clue, gradually. Now everyone has a clue, and is not dealing with the other guy -g-