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Define Irony: "The J.P.Morgan Guide To Credit Derivatives" By Blythe Masters
As readers enjoy JPM squirm his way through the JPM conference call (webcast live) explaining how it is that he not only was fooled by the CIO traders to the tune of billions, but more importantly to mismark hundreds of billions in CDS over the years, here is some delightful irony: "The J.P.Morgan Guide To Credit Derivatives" By Blythe Masters. Because it is truly ironic that the firm which created CDS will be the one responsible for destroying them.
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Friday 13th CDS vodoo
Freaky Deaky
<insert seeds of destruction K.Marx quote here>
Financialization: You can't live with it, you can't live . . . actually, we just can't live with it. WTF?
There is an infinite supply of other people's money so you can rehypothecate real assets n times where n = infinity.
The invisible hand seems to have become a nymphomaniacal masturbatory machine.
The Reversal of Fortune
freaky enuff for friday the 13th... we can count on the ppt to bail us out ... Money Tree: Amazing Trades Using the PPT Methodology
Might makes right.
“In life, the visible surface of the Sperm Whale is not the least among the many marvels he presents. Almost invariably it is all over obliquely crossed and re-crossed with numberless straight marks in thick array, something like those in the finest Italian line engravings. But these marks do not seem to be impressed upon the isinglass substance above mentioned, but seem to be seen through it, as if they were engraved upon the body itself. Nor is this all. In some instances, to the quick, observant eye, those linear marks, as in a veritable engraving, but afford the ground for far other delineations. These are hieroglyphical; that is, if you call those mysterious cyphers on the walls of pyramids hieroglyphics, then that is the proper word to use in the present connexion. By my retentive memory of the hieroglyphics upon one Sperm Whale in particular, I was much struck with a plate representing the old Indian characters chiselled on the famous hieroglyphic palisades on the banks of the Upper Mississippi. Like those mystic rocks, too, the mystic-marked whale remains undecipherable.”
-Moby Dick, Herman Melville.
CDS is the white Whale. Its allure, and enigma births madness.
Sperm Whale came in Blythe's mouth.
Blythe will make a good porn star when she loses her job at JPM.
Nah, too well trained and she'd be boring. She would probably be type-cast in some anal genre porno (with ironicly reciprocated ass raping scenes) where she'd just lie back and think of England.
you mean stiff upper lip and dead lower hip?
No salsa in that and no sparkling spice, the essence of life, to shake a flute of white into ebullient bubbly strife.
And I don't mean clockwork orange text to recite her delight!
She must have a hell of a body, or you're imagining niche porn where she has a bag over her head.
Wow, my browser must be really fucked up. I'm seeing pale orange text on a white page. Surely no one in their right mind would print a professional document with such a low-contrast font. Right?
Is it just me or does anybody else want to fuck Blythe in her ass
Out of idea Zerohedge??
http://www.zerohedge.com/news/and-now-something-special-jpmorgan-guide-credit-derivatives-blythe-masters
So, Blythe Masters entire career is a total fraud.
Damnit - orange text on white sucks. Maybe they should stop hiring hucksters and hire a couple of visual designers!
Blythe Masters (New York)
Tel: +1 (212) 648 1432
E-mail: masters_blythe@jpmorgan.com
Interesting.
For a dull time, for a dull time caaa--aaaaaaaaaaaaaaaaaaall!!!