Quote:
Originally Posted by Hank Chinaski
When shit was collapsing I actually found this Board of value for once. Some socks here seemed to actually work in the area. Like T seemed to know stuff? Do/did anyone here actually have real world knowledge?
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I work(ed) in lending. I discussed the situation at length with superiors and clients. I attended numerous talks about what happened. I had to revise credit agreements to fix the issue that arose because LIBOR was completely fucking fraudulent. I discussed mark-to-market valuation vs income stream on this board ad nauseum. We talked about capital requirements and what would happen if another bank failed. We talked about the Chicago School and how bonus culture renders it dead fucking wrong. I could go on and on.
Sebby's recollection of anything that happened at the time is so fucking off that it makes me think he was in a coma at the time.
But why do you ask?
TM
