Ex Citi CEO: "Complexity of Derivatives has become ... too complex!"

[makloda]

This is the guy who drove Citi into the ground. He's making some precious observations, it's good to know Wall St. learned their lesson: "The complexity of derivatives has become ... too complex!" Wow!

I almost spit out my coffee.

Also watch him as he let's us know he's a "big fan of the Fed", big shocker there! Boy, I bet he is!

http://www.bloomberg.com/avp/avp.ht...//media2.bloomberg.com/cache/vKSQmOEkIHTI.asf

 

[Angrycat]

Oh, this twit finds derivatives too complicated? Why am I not surprised.

BTW, derivatives are not too complex so much as new derivatives are just very poorly created. Leave it to the found of Old LAME to not understand the difference.

 

[Angrycat]

found = founder