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Daily Speculations The Web Site of Victor Niederhoffer & Laurel Kenner Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter; a forum for us to use our meager abilities to make the world of specinvestments a better place. |
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George Zachar
10/08/04
Rabbi Hillel and Fannie Mae
Like
Hillel distilling the Torah into the Golden Rule,
Fannie Mae whistleblower
Roger Barnes collapses the entire accounting scandal into one sentence:
The FNMA director responsible for modeling, reporting and accounting for
purchase premia/discount amortization, Jeffrey "...Juliane indicated that he was
prepared to generate any results desired..."
As the great Rabbi said, "All the rest is commentary".
George Zachar is principal of Greensward Capital, a money management and trading firm in New York. He focuses on U.S. and European debt futures and options thereon. "I try to integrate market directional and volatility trades, with "living to fight another day" my central guiding philosophy," Zachar says. "When I was a child, I remember watching a cheesy spy movie, where one spook says to his opposite number, "The object of the game is to stay in the game."
