Extracting blood from a Lehman Brothers turnip

From the mailbag …

Made me laugh

Made me laugh

It’s beating a dead horse to bother filling out the myriad of forms within, particularly if your purchase of said securities was to cover short positions. Like with Fannie Mae. And maybe even Bear Stearns, if at the time you were playing Who’s The Counterparty (for entertainment purposes only, of course).

MG signing off (as by now the accountants and analysts ‘responsible’ have left the business anyway)

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