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Re: DAVE_007 post# 130111

Tuesday, 01/04/2005 8:13:28 PM

Tuesday, January 04, 2005 8:13:28 PM

Post# of 359156
Is this guy insane?

Knight has a huge short on CMKX, and decided one way out was to sell
their derivatives division (shorting division) to Citigroup,
Citigroup cut a deal with CMKX at the meeting in Saskatch to help
them out of a jam with their huge short that Knight created.


Doesn't he even know what derivatives are? And how exactly did he hallucinate the presence of Citigroup representatives on the fishing trip?

I can't bear to read the rest.

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