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Wall Street Analysts Respond To Mario Draghi
Confused by the implications of Draghi's pre-leaked speech? Don't worry, you are not alone. As the following sampling of opinions by Wall Street experts via Reuters confirms, opinions range from the positive to the negative, to the completely clueless. IOAN SMITH, STRATEGIST, KNIGHT CAPITAL "With regards to seniority this point is important. Pari passu will not apply to existing SMP holdings which suggest dealing with Greece remains a problem. A precedent was set in Greece, and they haven't as yet accepted a haircut there so why should an investor believe them that they'll be ranked pari passu? "The ECB decision ... (full story)
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