{"id":194908,"date":"2008-08-09T13:01:00","date_gmt":"2008-08-09T18:01:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/09\/and-the-award-for-best-use-of-monty-python-in-the-context-of-a-complex-financial-instrument-goes-to\/"},"modified":"2008-08-09T13:01:00","modified_gmt":"2008-08-09T18:01:00","slug":"and-the-award-for-best-use-of-monty-python-in-the-context-of-a-complex-financial-instrument-goes-to","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/09\/and-the-award-for-best-use-of-monty-python-in-the-context-of-a-complex-financial-instrument-goes-to\/","title":{"rendered":"And the Award for Best Use of Monty Python in the Context of a Complex Financial Instrument Goes To…"},"content":{"rendered":"

Mark Gilbert<\/a>:<\/p>\n

CDO Market Is Dead, Not Just Pining for Fjords: Mark Gilbert<\/span><\/p>\n

Commentary by Mark Gilbert (with apologies to Monty Python)<\/p>\n

Aug. 7 (Bloomberg) — Hedge-Fund Guy enters an investment bank. “I wish to complain about this derivative security what I purchased not two years ago from this very boutique,” he says.<\/p>\n

“Ah yes, the Collateralized-Debt Obligation,” says the Wall Street Banker. “What’s wrong with him?”<\/p>\n

“I’ll tell you what’s wrong with him, my lad. He’s dead, that’s what’s wrong with him!”<\/p>\n

Wall Street Banker: “No, no, he’s … restin’.” Hedge-Fund Guy: “Look, matey, I know a dead derivative when I see one, and I’m looking at one right now.”<\/p>\n

“No, no, he’s not dead, he’s restin’! Remarkable investment, the CDO, isn’t it? Beautiful plumage!”<\/p>\n

“The plumage don’t enter into it. He’s stone dead.”<\/p>\n

…<\/p><\/blockquote>\n

Go read the rest, and don’t try to drink anything at the same time.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mark Gilbert: CDO Market Is Dead, Not Just Pining for Fjords: Mark Gilbert Commentary by Mark Gilbert (with apologies to Monty Python) Aug. 7 (Bloomberg) — Hedge-Fund Guy enters an investment bank. “I wish to complain about this derivative security what I purchased not two years ago from this very boutique,” he says. “Ah yes, …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[962,1004,1100],"tags":[],"class_list":["post-194908","post","type-post","status-publish","format-standard","hentry","category-40yrs","category-finance","category-funny"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194908"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194908"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}