Well, I assume you've been hovering around the coffee machine to get the dirt. Or perused the markets for sign, or rung an old drinking buddy over at BoA, or asked your omniscient boss why a billion-dollar bath doesn't make the Beeb Business Report (which was all agog about the Yahoo hack and how this thoroughly unsurprising news spells the end of corporate security and the shape of postmodern warfare - how's Bloomberg treating it? No gratifyingly shrill note of panic? No indication it's time time to give up on the super, chuck the VISA at gold, and plant some broadbeans?).
C'mon - let's have it, comrade!
Yours pleadingly, Rob.
PS That single malt never made it, alas.
>Heads-up, folks. I am told by those who might know that a big institution
>has taken a very big bath indeed on interest rate derivative positions, as
>a result of the Treasury's sucking up the supply of 30-year bonds and
>causing an inverted curve between 10 and 30 years. The names of Deutsche,
>Warburgs and Bank of America have been floated around on Friday and today,
>with Deutsche now denying everything and B of A looking like they might be
>in the frame if anyone is. The amount of the loss may or may not be in the
>region of US$1bn, which would be a nasty loss for any bank to take.
>
>Anyone heard any spin?