Repo, Rosenfeld recalls, was not a prominent or a prestigious business: "In the 1970s and 1980s, it wasn't done by the top people at the firm; it was ... almost like a clerk's job." Rosenfeld and his Salomon colleagues "always spent a lot of time with those guys and that was very important to us." Equally important was discovering what bonds could be borrowed for short sale, and on what terms.

Donald MacKenzie, An Engine, Not a Camera, loc. 973