Wie man es macht, ist es falsch
For a few brief seconds, I liked Paulson's bailout, because supporting "Troubled Assets" would wipe out the profits on the huge derivative portfolios tied to those assets, profits from which would benefit the wrong people in the financial system (i.e. people who ruthlessly took advantage of the broken valuation model for those contracts at places like AIG).
I should have guessed that when he realized that driving up the prices of CDSes would directly affect the PandL of Goldman, he would pull back from his original plan.
I should have guessed that when he realized that driving up the prices of CDSes would directly affect the PandL of Goldman, he would pull back from his original plan.
Labels: Godamn Sachs
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