23 April 2008

Understatement Trading At All-Time Highs

From a Bloomberg article today:

``There've been some disappointments,'' Paul Scanlon, team leader for U.S. high yield and bank debt at Putnam Investments....

2 comments:

harveyne said...

By disappointment, I presume he refers to the Fed's inexplicable disinclination to invoke the disembowelment provisions of the Sarbanes-Oxley act.

Ritual suicide is always an option.

pyker said...

I am hoping, against odds, that the disembowelments are being actioned, but merely held up so far by paperwork.