Thursday, March 11, 2010 
Foul Play May Be a Ticket to the Emergency Trading Session If You Have Been Involved In the Production of the Foul Play
I would like to call your attention to these words in the news this evening:
That triggered expectations the investment bank is heading into bankruptcy and prompted a rare emergency trading session on Sunday to allow Wall Street dealers in the $455 trillion (emphasis mine) derivatives market to reduce their exposure to the firm.
First and foremost if the market is $455 trillion, what are the potential losses?
Second, who gained access to the emergency session? Level playing field? Doesn’t smell level to me.
Peace.
More on this topic
(What's this?)
Plus ca change…
(naked capitalism, 12/27/09)
"Playing up to the edge of the line"
(The Mess That Greenspan Made, 2/22/10)
Citadel Head of Investment Banking Kaplan Has Left Firm
(Hedge Fund Blogs From HedgeCo.Net, 1/19/10)
