Sunday, October 29, 2006

Masters of the universe no more: The end of the bond salesman

Masters of the universe no more: The end of the bond salesman

Once they easily made $1 million or more a year. But new regulations have lifted the veil on their secretive club, and "bond salesmen are becoming relics of a time when the debentures of American companies traded by appointment over the telephone," Bloomberg says.
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