One way to play the credit crunch

Good Wall Streeters are always hunting for opportunities. Brian James, 35, and Joe Messineo, 34--former managing directors and co-heads of fixed income at Cohen & Co., that CDO powerhouse--have formed a recruiting firm, Link Global Solutions that will securitization specialists. There is a certain irony in CDO guys launching a firm aimed at finding work for employee victims of the CDO-led credit bloodbath. But there are a lot of laid-off specialists out there who will likely line up. They think that hedge funds will be a prime source of business. At the same time, new products will emerge in the wake of the CDO meltdown. Seems like a timely launch.  

For more:
- here's the Investment Dealers' Digest article

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