http://finance.yahoo.com/banking-budgeting/article/109357/losing-the-war-on-finance
I think I've made this analogy before. All the dodgy securitizations that Goldman is being given shit for right now are like drugs - if there were no buyers, there would be no sellers.
The writer of this article makes the same analogy. Anyone going LONG a synthetic CDO by definition assumes that there is a counterparty going SHORT. It's like betting on a football game - you know that the odds are calculated based on the number of people taking the opposite bet.
Sorry, but this post is not funny. I will return with some funny material soon as I know that funny content generates approximately 80% of the 2 hits a day I get.
Mo out.
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