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Old 10-24-2012, 01:55 PM
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jms62 jms62 is offline
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Join Date: Mar 2007
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Quote:
Originally Posted by Clip-Clop View Post
From his hard hitting interview with Rolling Stone magazine.

"You still have a situation where people making bets can get a huge upside, and their downsides are limited," Obama says in the edition that hits newsstands on Friday. "So it tilts the whole system in favor of very risky behavior."
I believe he is referring to highly leveraged derivatives trading using your companies (Shareholders) money when your bonus is based upon a percentage of profits earned. Upisde is tens of millions and the downside is oops and a loss of your job with no bonus.
I'd make that bet all day long. Back in the day Wall Street firms were Partnerships and Partners Money was at stake
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