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Define Irony: "The J.P.Morgan Guide To Credit Derivatives" By Blythe Masters

By: capt_nemo in ROUND | Recommend this post (0)
Fri, 13 Jul 12 4:00 PM | 28 view(s)
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Msg. 42560 of 45651
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Submitted by Tyler Durden on 07/13/2012 07:35 -0400

Blythe Masters
CDS

As readers enjoy JPM squirm his way through the JPM conference call (webcast live) explaining how it is that he not only was fooled by the CIO traders to the tune of billions, but more importantly to mismark hundreds of billions in CDS over the years, here is some delightful irony: "The J.P.Morgan Guide To Credit Derivatives" By Blythe Masters. Because it is truly ironic that the firm which created CDS will be the one responsible for destroying them.

http://www.zerohedge.com/news/define-irony-jpmorgan-guide-credit-derivatives-blythe-masters?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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