More pain to come … (part 3)
Mittwoch, Mai 21st, 2008WSJ 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 […]
