Thanks for the heads up. I watched It last night.I was literally...

Thanks for the heads up. I watched It last night.
I was literally shaking my head so much it was literally going to drop off. To say Mr Russo talked his book at the beginning of this poddy would be understating it.
The last 30 minutes calmed me down somewhat after Mr Russo started to communicate the benefits of hedging with financial derivatives.
As an ex derivative trader myself I have often looked in despair at the actions or some of these CFO's as they place their business in financial jeopardy through the construction of poorly executed hedge books.
I call bullshit on the banks not benefitting from these heavily otm hedge books. Macquarie Bank know their way around the derivative markets. They benefit alright.