An odd error

Following the collapse of Long Term Capital Management more than 10 years ago, a government report called for derivatives market reform. The report, issued by the President’s Working Group in April 1999, noted that “market history indicates that even painful lessons recede from memory with time”.  Sure enough, once the LTCM headlines disappeared, the impetus for reform vanished.
Kenneth Griffin, Financial Times

Hmm.  Sounds like Kenneth Griffin, the founder of Citadel hedge funds, has never heard of the 2005 Bankruptcy Reform Act.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: