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Sure. I am not saying we shouldn't have a secondary market. I am saying: "Hey if professional traders did not exist, the markets may be a bit slower but it'll
by asdf333 18y ago
Sure. I am not saying we shouldn't have a secondary market.
I am saying: "Hey if professional traders did not exist, the markets may be a bit slower but it'll still work."
So yes, they provide liquidity but...at least in today's markets the CDO traders are not doing their job on the liquidity front! :)