We wish to welcome former LTCM trader [3], and current TBAC chairman [4], 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...
[5]
Well, maybe this?
Finally, we urge readers to go easy on the JPM HR department: obviously all the JT Marlin traders were currently gainfully employed elsewhere and unable to step in and fill Ina Drew's very big shoes.