Thursday, January 12, 2012

Boaz Weinstein prefers Italian bonds over bank debt

Boaz Weinstein of  Saba Capital is an ex-Deutsche Bank trader whose firm has seen strong inflows this year. His group at DB reportedly lost $10B in 2008!

If you look at history, you won’t find too many examples where a country defaulted and its banks were OK, especially banks that have a lot of exposure to the sovereigns

Sees `Confusing Year' for Markets

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