Great Days in Customers' Yachts: M&T vs. Deutsche Bank Edition

It’s finally dawning on market players and investors
that Wall Street’s interest and those of
investors have never been aligned...Investors
are beginning to say to themselves: ‘Hey, there
is someone who will benefit if this doesn’t go well.’

While the preferred outcome here would be humiliating defeat for both sides, the answer to two questions would be interesting:

1. How many people at M&T (MTB) actually read the “390-page offering document with detailed descriptions of the kinds of bonds that would go into” the dodgy CDO; and
   
2. How many of those actually understood that which they read?

After Sure-Bet Investment Fails, a Bank Contends It Was Duped

by Vikas Bajaj

The New York Times Jan. 20 2008

Comments

[notsosmart]

the insiders at wall st could not care less about the investor.as all is good & rising the dumb-dumbs dont care. now that they own 201k's they are figuring this out.this will never change.

2009 Jan 23 11:27 AM

[Fliujniligui]

The safest way to do thing is by yourself. Requiring a professional to do it for you may put you in conflict of interests and will cost money as fees. Doing it yourself, you learn a lot and are only exposed to your mistake and bad assessments, which are way less dangerous and way more bearable and constructive (learning from experience) than the losses incurred following exorbiting fees along with conflict of interest at your charge.

2009 Jan 24 05:52 PM