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They are missing John Paulson ($3 to $4 billion) and John Arnold (possibly). And if they use the cash accounting method they seem to be using, anyone involved i
by byrneseyeview 19y ago
They are missing John Paulson ($3 to $4 billion) and John Arnold (possibly). And if they use the cash accounting method they seem to be using, anyone involved in finance is going to look good. A derivatives trader with 100% daily turnover could manage a $1 million portfolio that gave him $250 million in gross cash flow ($1 million in turnover X 250 or so trading days). Terribly flawed.