Assuming he can remember as far back as last Setember. When JP Morgan pulled its $250,000,000 from Fairfield Greenwich that month, causing FGG to suspend client redemptions, did you ask JPM why they were doing it? Were you at all curious why you were losing such a large investment from someone like them?
Or did you just cut them a check and go back on the golf course to find replacement money? Walter’s good faith ignorance, never a strong defense, is being shredded with every new revelation.
And speaking of JP Morgan, does it still have any credibility with its clients after yesterday’s admission that it knowingly abandoned them? I’m sure there must be a few honorable people still left at that firm, just as a few may still work at UBS, but if the bosses are charlatans, why would anyone entrust them with their money?