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(page 188 of 310)
"86-88, the crash. Traders are bought out by other firms. CMOs (paid investors in tiers to solidify maturity timeline) made mortgage bonds like other bonds: the market became informed and harder to sell at insane margins, buyers increased, old Salomon traders at new firms knew these old tactics; revenues dropped. Upper management issues, a bond crash that a director offset with other profits, and Renieri’s firing" — 1 hour, 20 min ago
"86-88, the crash. Traders are bought out by other firms. CMOs (paid investors in tiers to solidify maturity timeline) made mortgage bonds like other bonds: the market became informed and harder to sell at insane margins, buyers increased, old Salomon traders at new firms knew these old tactics; revenues dropped. Upper management issues, a bond crash that a director offset with other profits, and Renieri’s firing" — 1 hour, 20 min ago
Alex’s 2025 Year in Books
Take a look at Alex’s Year in Books, including some fun facts about their reading.
207 books
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31 friends
61 books
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8 friends
328 books
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10 friends
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2 friends
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