Wall Street Collects $4 Billion From Taxpayers as Swaps Backfire

Discussion in 'Wall St. News' started by Banjo, Nov 10, 2010.

  1. Banjo


  2. Wall street was laughing whenever a cfo of a state agency decided to buy interest rate swaps. Imo, I think those cfo's wanted to appear to play in the big leagues, and why not, it wasn't their money.
  3. All these transactions were detailed in Liar's Pocker and Fiasco.

    I guess these cfos never bothered to read them. :) Wonder how much kick backs, they all got?