(JOSH BIRNBAUM) "Our desk began to accumulate short positions, purchasing protection on individual securities through credit default swaps, largely from external C.D.O.managers who asked us to bid for these positions."

VOA: special.2010.04.30

The question was whether we were looking to take more short positions as the economy appears to be moving into recession and I guess the second part of the question was how do you remain bullish in this kind of environment.

问题是,在经济表现出走向衰退时,我们是否会做更多空头,我想这个问题的另一面就是,在那种情况下如何保持市场信心

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