Solomon,Smith,Barney

Doug Henwood dhenwood at panix.com
Fri Jan 15 11:37:13 PST 1999


Henry C.K. Liu wrote:


>A SSB trader told me that the instruction from Weil was to keep as much funds
>in the firm for as long as possible before having to return it to clients or
>the market. According the Weil, that is the sercret of financail success
>for a
>financial institution. Doug, want to build a new economic theory around a
>street smart notion?

But that's theoretically impossible! Everyone knows they're just intermediaries!!

Doug



More information about the lbo-talk mailing list