Display:
I hope you are all paying attention...

from the Telegraph

'City faces meltdown if debt crisis hits'

The Bank of England is also increasingly concerned about the complex and risky financial instruments devised by banks and hedge funds, of which little is known.

The Bank is believed to feel that many institutions using these instruments, such as credit derivatives, are "sitting with their fingers crossed, hoping that the music doesn't stop"



You can't be me, I'm taken
by Sven Triloqvist on Wed Jul 12th, 2006 at 05:49:10 PM EST
Hedge funds don't devise exotic derivatives, but banks do, to trade "over the counter". I have seen exotic derivatives described as elaborate arketing scams.

Nothing is 'mere'. — Richard P. Feynman
by Migeru (migeru at eurotrib dot com) on Wed Jul 12th, 2006 at 05:54:22 PM EST
[ Parent ]
I tend to stick to the UTC markets ;-)

You can't be me, I'm taken
by Sven Triloqvist on Wed Jul 12th, 2006 at 05:59:13 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series