Wednesday, December 12, 2007

Real Men

CNBC: "Well there's a lotta guys at trading desks whose positions were just totally thrown into disarray. You know, at some point you have to think about them as well."

This is in response to the fact that Helicopter Ben delivered the widely expected - and correctly bet on by participants in the bond market - 1/4 point rate cut instead of something more and then waited an entire 12 hours or so to say that they would be handing out more free money in other ways.

Gotta think about the poor guys at the trading desks.