tag:blogger.com,1999:blog-6289268596887206022.post5122901853854196991..comments2023-10-23T08:34:03.754-06:00Comments on QUIDDITY: One Firm Alone Caused A Market Panic 29Edward H. Binnshttp://www.blogger.com/profile/03574290513728611326noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6289268596887206022.post-63658981749739431872010-10-02T17:21:40.225-06:002010-10-02T17:21:40.225-06:00Problem one: " It said the move involved jus...Problem one: " It said the move involved just 1 percent of the contracts of that type that changed hands on May 6. The sale would not have caused problems in a normal market, the company said.<br /><br />restated: "It just so happens that it wasn't a normal market that day, but we don't care about that because...."<br /><br />problem two: "Our portfolio managers and the funds acted in a manner consistent with the interests of their fund shareholders," it said. <br /><br />And social responsibility be damned! If we enter another great depression and i've got half a billion dollars in my pocket, i don't fucking care!<br /><br />In China they execute those people.....Unknownhttps://www.blogger.com/profile/18333327315997143345noreply@blogger.com