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Raiding the credit 'brothel'
» Posted by Martin Weil on August 03, 2007
"As the financial-liquidity police raid the credit-market brothel, even the piano player faces arrest. ...The credit bordello has enjoyed some wild times in the past few years, luring customers into the room at the back where the exotica are displayed. As the raid ensnares more and more of the regulars, newcomers are likely to become increasingly wary of the derivatives market's wares. And when the piano player is led off to jail, the music stops." Mark Gilbert from Bloomberg on the meltdown in the credit markets
Previous entry: File this under ''insurance'' |
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