Corrente

If you have "no place to go," come here!

Blythe Masters - Inventress of Credit Derivatives

Rainbow Girl's picture

... otherwise known as the trick by which you transfer risk all the way down the sell-chain to the stupidest money in the game (pension funds, municipalities, money managers handling retail investors) or WMDs (Warren Buffet).

But Blythe tells us to distinguish the tools from their uses. She just invented the tool to transfer risks - dissimulates about having pitched that very "product" to Cassano at the infamous AIG London Unit.

On the one hand, her commodities unit just got caught defrauding customers, but on the other, she funds cancer benefits!

And she's a Jamie Slimin' Dimon girl -- Slimin' is "not afraid of strong women." Alrighty then.

What was that about the sociopathic profile of the game-makers in finance?

http://www.businessweek.com/articles/2013-09-12/blythe-masters-jpmorgans...