“The mistake...was attributed in part to the fact that employees called the 3-year note 'Losh' and the 5-year note 'Bosh'. The comic mixing of 'Loshes' and 'Boshes' sounded more like a Dr. Seuss children's book than a cutting-edge risk-management operation.”
Quote by Frank Partnoy
Author
Frank Partnoy
Frank Partnoy is a renowned scholar specializing in financial law and financial markets. His research focuses on financial derivatives, investment banking, and corporate governance. Professor Partnoy has held teaching positions at several prestigious universities, including Stanford University and Yale University, and has published numerous works on financial law and financial markets. more
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