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If you accidentally overissue structured notes linked to the VIX index to the tune of — ooh, $15 billion — and then the VIX index tanks ... Well, good luck explaining that on your next quarterly call. | If you accidentally overissue structured notes linked to the VIX index to the tune of — ooh, $15 billion — and then the VIX index tanks ... Well, good luck explaining that on your next quarterly call. | ||
We are partly sympathetic to ''Das Blau Adler'': this is an absurd, draconian and utterly unjust outcome — but on the other hand, rules is rules; that’s the first thing any American Securities lawyer learns, right? Section 5 of the [[Securities Act of 1933]]: it’s on like about page 4<ref>Of course it isn’t page 4. There are hundreds and hundreds of definitions and preliminaries, but you get my point right? | We are partly sympathetic to ''Das Blau Adler'': this is an absurd, draconian and utterly unjust outcome — but on the other hand, rules is rules; that’s the first thing any American Securities lawyer learns, right? Section 5 of the [[Securities Act of 1933]]: it’s on like about page 4<ref>Of course it isn’t page 4. There are hundreds and hundreds of definitions and preliminaries, but you get my point right?</ref> | ||
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*[[Roll of honour]] | |||
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