I think this is my favorite, – Piggington's Econo-Almanac

March 20, 2009 at 3:01 PM #371045

Participant

I think this is my favorite, Cassano speaking:

“it is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing $1 in any of those transactions.” As he spoke, his CDS portfolio was racking up $352 million in losses