walkitout (walkitout) wrote,
walkitout
walkitout

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

Thanks to Calculated Risk for this link:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aa2D1eC6Ed6s

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.
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