Additionally, investment banks provide liquidity for large clients and by fdefinition, taking something on your own books for the ebenfit of a client is a proprietary trade.
It’s all such nonsense and Obama comes off looking like he doesn’t really understand any of it, which his advisors should have warned him about.
hell, i’ll write it out – i got no shame. you’ll see!
Bowl, on your name tag you aren’t allowed to put BoD. You either have to write it all out or at least BO Dick.
“looks like all the bankers are leaving work now – it’s 4:30pm”
Yes, I’m LATE!
Leaving now…see y’all tonight.
DIBS, Snappy has the nametags.
You could use a drink? I could use what you got in that bowl!
oh lordy, i could use a drink – one of those days. see you all soon. looking fwd to it! BoD
cobble dont forget to bring your delicious mouth water cookies tonight!!!!
*rob*
Any bank that does mortgages operates a prop desk in the fixed income markets.
Additionally, investment banks provide liquidity for large clients and by fdefinition, taking something on your own books for the ebenfit of a client is a proprietary trade.
It’s all such nonsense and Obama comes off looking like he doesn’t really understand any of it, which his advisors should have warned him about.
denton…they’re already getting hung up in the definition of “ptoprietary trading.
If you’re a bank engaging in businesses globally, you need prop trading the offset risks that you are exposed to.
Doing agency business, GS oftentimes makes proprietary trades to spread the risk of super large trades it does for clients.
That said, the truly proprietary stuff is still very, very profitable.