[NVDave]

As soon as these guys create an index, they create some instrument or derivative to trade it. Again, we don’t see many of these instruments in the retail market.

You or I couldn’t go buy a CMO in the retail market either.

[groanup]

As soon as these guys create an index, they create some instrument or derivative to trade it.

I trade futures and I've never heard of this one. Shorting something that has a limited availability is stupid.

I once had a client who owned the whole tranch of a CMO and there was an article on the front page of the WSJ about that particular tranch as an example. My client went ballistic as if he were protecting his turf. He didn't like all the attention to that tranch.

You or I couldn’t go buy a CMO in the retail market either.

I do it every day. Yes, for Mom and Pop.

[Toddsterpatriot]

As soon as these guys create an index, they create some instrument or derivative to trade it. Again, we don’t see many of these instruments in the retail market.

So Ben is mad that Goldman sold a derivative to another investment bank?

You or I couldn’t go buy a CMO in the retail market either.

Is that your final answer?