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We wish to welcome former LTCM trader, and current TBAC chairman, Matt Zames to his new post as head of the world’s biggest, government backstopped prop trading desk, with a hearty and sincere “good luck.” Because an ex-LTCMer in charge of ~$70 trillion in derivatives? Why, what can possibly go wrong… Well, maybe this? Finally, we urge readers to go easy on the JPM HR department: obviously all the JT Marlin traders were currently [...] John Nichols on March 17, 2012 – 8:31 AM ET With Wisconsin recall elections looming against four Republican state senators—as well as Governor Scott Walker and Lieutenant Governor Rebecca Kleefisch—the state’s politics was thrown for another loop Friday when a targeted senator up and quit. State Senator Pam Galloway, a Tea Party favorite and one of Walker’s steadiest backers in the legislature, announced her immediate resignation from the legislature and her decision not to [...] |
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