---------- Forwarded message ----------
From: barry levine
Date: Thu, Dec 24, 2009 at 10:58 AM
Subject: re: Banks Bundled Bad Debt, Bet Against It and Won
To: letters@nytimes.com
To the Editor:
From: barry levine
Date: Thu, Dec 24, 2009 at 10:58 AM
Subject: re: Banks Bundled Bad Debt, Bet Against It and Won
To: letters@nytimes.com
To the Editor:
The world of finance is too abstract to grasp easily. I do know however that a professional athlete's earnings go up if he wins and down if he loses. It is therefore prudent that he hedge his bets by betting on his opponent. What is prudent is not legal for the athlete. The laws for investment bankers should be as clear.
Barry Levine
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