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It was actually a team at JP Morgan, of which Blythe was a key member. That team also stuctured the first securitization by the name of BISTRO. If i remember correctly, it was a bunch of loans taken off JPMs balance sheet. The CDS itself is a fantastic instrument for a variety of...

could it be that buffett has made a mistake like joe lewis and all these sovereign wealth funds? time will tell. price action is very negative though.

Hi - I am new to ET too. I have 10+ years of experience on wall str, including several at bulge bracket. i've always had a passion for trading and always wanted to work for myself which i do know. what i will tell you is solely based on my experience which by no means is exhaustive. a lot...

you have studied your history :)

it is usually a lot more complicated than that. within a bank there may be different desks with different budgets and risk tolerances eg. a market making desk and a prop desk. their priorities are clearly different. both however, get their approvals from risk as the firm monitors risk on a...

unfortunately the answer is it depends. it depends on the firm, it depends on the position. also remember, the only perfect hedge is in a garden in japan.

hi addict - i would recommend subscribing to investors business daily. the online edition is identical to the print copy. unfortunately the print edition is not available outside the US. www.investors.com