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Tuesday, March 17. 2009
Dude, Lemme Unwind that Position for You...
The New York Times' Edmund L. Andrews and Jackie Calmes report:
Here is a rather unfortunate picture of former Morgan Stanley vice chair and current head of AIG's financial products unit Gerry Pasciucco -- wearing a T-shirt with that image of capitalism, Che Guevera: (via Josh Marshall)
Dude. Like ... Che is, like, so hip. By the way, dude, what's the delta on that put?
Since November, A.I.G.’s financial products unit has been led by Gerry Pasciucco, a former vice chairman of Morgan Stanley who was brought in by Mr. Liddy with instructions to wind down the unit. Company executives said they faced a need to keep skilled professionals in the business unit, which traded trillions of dollars worth of financial derivatives, because it would take great expertise to shut down the business in an orderly manner and without causing more turmoil.
Here is a rather unfortunate picture of former Morgan Stanley vice chair and current head of AIG's financial products unit Gerry Pasciucco -- wearing a T-shirt with that image of capitalism, Che Guevera: (via Josh Marshall)
(Photo by Fairfield County Look)
Dude. Like ... Che is, like, so hip. By the way, dude, what's the delta on that put?
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