[lbo-talk] Roubini: a haircut not a bailout

[Jordan Hayes]

> The price of credit default swaps for U.S. Treasuries rose yesterday, 
> by the way. I had no idea such a thing existed.

Traders will bet on anything :)

When I was at Morgan Stanley in the late 80s, we used to watch the 
marquee at a XXX theatre around the corner on 47th get the title of the 
headliner movie changed every Tuesday morning during the mid-morning 
lull and play it like Wheel Of Fortune: $10/letter, winner take all.

The only time I won, it was "Yank My Doodle!" and I got it on the 6th 
letter :-)

/jordan