More pain to come … (part 3)
WSJ has an article today, highlighting the not effective hedges of the financial industry due to use of uneffective hedging instruments as the ABX Indices.
Lehman is said to be the biggest victim … up to 2bln$ losses on bad hedges …
Another shoe to drop …
All these big-headed investment bankers need to go 
They are so USELESS …
Read below:
Copyright by www.wsj.com
Tags: ABX, financials, hedging, WSJ
