Pa.g-Consulting™

Wednesday, October 21, 2009
John Meriwether is back, risk must be too
Submitted by Edward Harrison of Credit Writedowns

John Meriwether, the 62-year old former Salomon bond trader and LTCM wizard is back for, what is this, his fourth go round.

For those of you who don’t remember the 1980s, John Meriwether was the biggest of the ‘big swinging dicks’ on Wall Street, leading Salomon Brothers to huge profits in its fixed income division. Lionized in the eponymous book “Liar’s Poker” and inspiration for Bonfire of the vanities, Meriwether and Salomon’s rise marked the change from a bulge bracket culture dominated by deal makers and IBD (Investment banking Division) white shoe bankers to one dominated by the foul-mouthed traders and math geek quants of fixed income. The change at Goldman Sachs from a firm dominated by IBD to one dominated by trading is testament to this. Unfortunately for Meriwether, his career path since reaching the top has been rather rocky.

http://www.nakedcapitalism.com/2009/10/john-meriwether-is-back-risk-must-be-too.html

Interessant ist, daß er dort weitermacht, wo er vor Jahren kläglich Schiffbruch erlitt: Mortgage Backed Securities!

Solange der amerikanische Steuerzahler nicht zu Fackeln und Mistgabeln greift, wird es auch diesmal gutgehen …

–pag