From: Marv Gandall Quelle Surprise! Proposed Restrictions on Proprietary Trading are a Joke Naked Capitalism 24 Jan 2010
But the second one is even more of an insult to the intelligence, that proprietary trades and customer trades exist in neat, tidy boxes and a trade with a customer is therefore a pure act of mere passive order taking. When Goldman went net short subprime, was that not a proprietary position? And who do you think was on the other side of that trade? Hint: for the most part, not other dealers. ^^^^^ CB: Yeah , who was on the other side of that trade ? _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
