Andre J. Peschong

The market turmoil over the past 24 months has made one thing readily apparent which is; there is no safe haven at bulge bracket firms.  Being a banker at a major bulge bracket firm was once considered the pinnacle of success in the investment banking world but now it is seen as a monolithic structure [...]

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That is the current mantra for banks as it portends to their portfolio of commercial paper.  The banks cannot afford to have the level of delinquencies on their commercial paper turn into a massive capital call and thus stay in the TARP money conundrum.  In speaking with some very high level management at major banks [...]

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