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Moon Kil Woong is a
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John, I don't think the derivatives players will go with that simply because it will make their losses visible (the derivatives that don't have a matching trade close to equity. It also will underscore than none of the players have the equity to back even a fraction of their commitments.
Jan 07 21:37 pm
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All Comments by Moon Kil Woong »Paulson: The Exit Interview [View article]
It's a real real mess. Until people go bankrupt to sterilize the losses it will never end. Well maybe not never. 20 years may be enough or depreciating the dollar to $0.20 on the buck.