Originally Posted by
brettj72
Why is long call a waste? Allows people that commute to reserve to sit at home until they are given an assignment. Seems like a pretty good deal for something that would cost the company almost nothing.
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In theory, but I have actually sat long call here, and is was miserable. You are first out for everything, for any base, including CDO's. The company does not want you sitting at home unusable.