tag:blogger.com,1999:blog-1709715062681399199.post640129139279126680..comments2023-07-20T10:37:28.692-04:00Comments on Grumpy Abe: A derivative is a derivative is a derivativeGrumpy Abehttp://www.blogger.com/profile/01012210966022330986noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1709715062681399199.post-40942887757801901612010-04-28T15:51:04.017-04:002010-04-28T15:51:04.017-04:00After yesterday's testimony by executives of G...After yesterday's testimony by executives of Goldman Sachs, I now have a better understanding of "caveat emptor". But what does Goldman mean when it asserts that it's function is to underwrite the various derivatives? Maybe their function is "undertaker" rather than "underwriter." 'Glad to see that Gordon Gekko is alive and well on Wall Street.PJJinOregonnoreply@blogger.com