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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (54338)	9/2/2009 2:11:47 AM
From: Threshold	Respond to of 217808

"A report that Chinese state-owned companies will be allowed to walk away from loss-making commodity derivative trades provoked anger and dismay among investment bankers on Monday as they feared it may set a damaging precedent." Gee as if the use of derivatives by the New York bankers to take down the Japanese banking system last time around was not a damaging precedent. The Japanese have yet to even start to recover their much touted and mostly historical honor. Many years ago I was fortunate to read this most entertaining book on the activities of Wall Street investment banks wrt to derivatives. Perhaps the Chinese authorities have a copy LOL. amazon.com I am most pleased to see anger and dismay in the American investment banking ranks.