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Janitors were providing value whether or not Bear's long exposure to MBSs were too large. The same applies to traders, etc. My dentist fixing my toothache sti
by hueving 8y ago
Janitors were providing value whether or not Bear's long exposure to MBSs were too large.
The same applies to traders, etc.
My dentist fixing my toothache still provided value to me even if I die of a massive heart attack in two months.
- Retric 8y agoIf you sum up all work by everyone at Bear over the companies last year, they created negative value. Some lost far more money than others, but Traders as a group where not a net money maker. Really, the company did not die in "100 hours." People just noticed it was already dead.