Regulations? What Regulations?

By Lawrence

An article offers a good glimpse into the way how Wall Street really works in the 1990s,

Insight: Trades from 1990s come back to haunt Wall Steet

http://ca.reuters.com/article/businessNews/idCABRE97P0BO20130826

All these OTC long term derivatives the big institutions holding should not be created in the first place.

It is no different from AIG writing all those stupid options that blow it up.

Well, I guess some people will do anything as long as they can jack up the earning for next quarter which of course indirectly increases their bonus.

’nuff said.

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