In the distressed market forum the panel played Jeopardy, complete with Bank of America's Steve Ewald as a more than convincing Alex Trebek and categories such as lawyers, agents and closing and what and when are you buying. The audience was also able to vote through remote controlled voting devices. Franklin Resources' Brad Takahashi cracked the first of his many one-liners when he commented that this was a run through for elections in Florida. The audience, heavily composed of lawyers, was also asked which one of the following expressions best describes why thorough upstream review is part of the trading process. One of the multiple choice answers, in Latin, translated into: Lawyers pay private school tuition, too.
* BNY Asset Solutions' giveaway is sure to be a new way for people to annoy co-workers. The rubber ball lights up and makes noise when bounced.