Wednesday, September 26, 2007

Swissy's Knifed-Secuitized Products not Secure

Only tangential connection to AGW profit-making.
I'm working on jazzing up my headlines.

Here's how the Post put it:

Credit Suisse yesterday became the latest Wall Street firm to trim jobs as a result of the bond market collapse, with sources telling The Post that around 150 people have received pink slips.

The job cuts are in Credit Suisse's securitized product group, which has suffered a sharp decline in revenue in the wake of the collapse of the mortgage-backed security trading and origination market over the past two months....