European Tribune - Comments - European Salon de News, Discussion et Klatsch

European Salon de News, Discussion et Klatsch - 16 March | 118 comments (118 topical, 0 editorial, 0 hidden)

Enron did much the same thing with some of its assets, such as its notorious Nigerian barge deal.

I got an email today from an executive in a big American bank telling me he had a barge in Nigeria he needed to move and did I have a couple million for a repo...

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Tue Mar 16th, 2010 at 12:10:00 PM EST
[ Parent ]

Re: What is a repo 105? (none / 0)

I got an email today from an executive in a big American bank telling me he had a barge in Nigeria he needed to move and did I have a couple million for a repo...

For real?!

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 16th, 2010 at 01:03:45 PM EST
[ Parent ]

Onion'd! (none / 0)

I was trying to make a joke about Nigerian scam email spam...

The brainless should not be in banking -- Willem Buiter

by Migeru (migeru at eurotrib dot com) on Tue Mar 16th, 2010 at 01:24:48 PM EST
[ Parent ]

Re: Onion'd! (none / 0)

These days, considering your day job, it is hard to know... :-/

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 16th, 2010 at 02:35:50 PM EST
[ Parent ]

Re: What is a repo 105? (none / 1)

E-mail him back and ask if he could get GS to write you a CDS around the deal at his expense

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 16th, 2010 at 01:09:05 PM EST
[ Parent ]

European Salon de News, Discussion et Klatsch - 16 March | 118 comments (118 topical, 0 editorial, 0 hidden)

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