Also see Traders, Guns & money - http://www.amazon.com/Traders-Guns-Money-unknowns-derivatives/dp/0273704745 There are stories about several investment banks selling currency derivatives some with names like "I &*$k You" named because of the objective of the bank on the customer...
Good book. "Liar's Poker" also has good descriptions of uneducated local bankers being sold complicated derivatives. The Wall Street sellers referred to this as "getting your face ripped off" because the prices allowed millions in instant profits! The risk was easily hedged off to the listed markets. Good luck tomorrow-
Goldman is still unavailable to comment...managers are still in White Castle Hamburger contest...Blanky is lading claiming he is doing "God's work"... http://dealbreaker.com/2010/04/tomorrow-pour-one-white-castle-hamburger-out-for-goldman-sachs/ <object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/tSWnmOvgyKc&hl=de_DE&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/tSWnmOvgyKc&hl=de_DE&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>