“If there’s one thing I learned from being treasurer of Morgan Stanley it is never to buy structured products from derivatives people”
Brad Hintz, senior analyst at Sanford Bernstein and once a senior finance official at both Stanley and Lehman, gives a caveat emptor from a former vendor’s perspective
(see CDO litigation: Casino banking victims face last roll of the dice)
“We are overshadowed by this Algerian problem. It’s caused a lot of damage to us, and their behaviour is beyond belief”
Naguib Sawiris, head of the Orascom empire, on the extent of the problems in one of his countries of operation.
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