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2009-06-11 — blogspot.com
A canny trade by a small brokerage firm in two markets at the heart of the financial crisis has left some of the biggest players on Wall Street crying foul.
The trade, by Amherst Holdings of Austin, Texas, was particularly galling to the big banks because it turned what they believed was a sure-fire profit into a loss.
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Comments:
tvsterling at 06:38 2009-06-12 said:
Looks like these Supersuits can't take the heat. A little wiseguy makes a play with their private property, namely the Credit Default Swaps that they invented & proclaim to own. They whine like pups & squeal like stuck pigs because that's what they are supposed to have exclusive rights to do. I mean , after all didn't Paulson sell them an exclusive. I say good hit for the little guy. Permalinkadd a comment | go to forum thread
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