- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
What I heard (on NPR, I think) is that they did the trade(s) to lay off risk, that the trade was not a spec trade as part of their proprietary book. Has anyone heard otherwise? I'm inclined to think this is either untrue or only partially true and not the whole story. However, I must say I haven't been paying that close attention. These days, $2B isn't that much, even for a loss, on Wall St.
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