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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (52924)3/22/1999 3:03:00 PM
From: Eggolas Moria  Respond to of 132070
 
<<Gary, When I was managing equities, there was no derivatives market in scummy bank loans like there is today. True, there were trading profits, especially in bonds and mortgages, and we always had to discount them greatly, as they were not repeatable consistently. I think most PMs took a dim view when trading profits were the major source of income.>>

Precisely my point.