An Ex-LTCM Trader Will Be Overseeing $70 Trillion In Derivatives
Submitted by Tyler Durden on 05/14/2012 09:53 -0400
We wish to welcome former LTCM trader, and current TBAC chairman, Matt Zames to his new post as head of the world’s biggest, government backstopped prop trading desk, with a hearty and sincere “good luck.” Because an ex-LTCMer in charge of ~$70 trillion in derivatives? Why, what can possibly go wrong…
Well, maybe this?
