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walkitoutThanks to Calculated Risk for this link:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aa2D1eC6Ed6s
Source of this quote:
"The SEC report describes an e-mail in which an analyst refers to the market for collateralized debt obligations as a ``monster.''
``Let's hope we are all wealthy and retired by the time this house of cards falters,'' said the e-mail, which was sent Dec. 15, 2006, to another analyst at the same firm. "
Now, I'm very, very, very sympathetic to people who hop on a bubble and successfully hop off before it pops, socking away a big wad of cash to never have to work again. Very sympathetic.
But this is probably pushing it further than I would look favorably upon.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aa2D1eC6Ed6s
Source of this quote:
"The SEC report describes an e-mail in which an analyst refers to the market for collateralized debt obligations as a ``monster.''
``Let's hope we are all wealthy and retired by the time this house of cards falters,'' said the e-mail, which was sent Dec. 15, 2006, to another analyst at the same firm. "
Now, I'm very, very, very sympathetic to people who hop on a bubble and successfully hop off before it pops, socking away a big wad of cash to never have to work again. Very sympathetic.
But this is probably pushing it further than I would look favorably upon.