walkitout (walkitout) wrote,

QOTD: Let's hope we're all wealthy and retired. . .

Thanks to Calculated Risk for this link:


Source of this quote:

"The SEC report describes an e-mail in which an analyst refers to the market for collateralized debt obligations as a ``monster.''

``Let's hope we are all wealthy and retired by the time this house of cards falters,'' said the e-mail, which was sent Dec. 15, 2006, to another analyst at the same firm. "

Now, I'm very, very, very sympathetic to people who hop on a bubble and successfully hop off before it pops, socking away a big wad of cash to never have to work again. Very sympathetic.

But this is probably pushing it further than I would look favorably upon.
  • Post a new comment


    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.