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JJ Ingersoll, our head of global focus, can’t stop talking about a top rival’s global head of sales. I think he wants to hire him. But no, it seems, the police are saying this guy doesn’t just sell bonds. He whips. But not clients. Young people who can’t even buy fixed-income assets, let alone junk. JJ says he won’t rest until he gets to the bottom of this Marquis Michael de la Pain scandal. It involves our bulge bracket enemy, Bare Stern and so I suggest we take a look at its chairman Alan Iceberg’s legendary memos. |
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