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I'm familiar with futures and options - I used to be a Director of the IPE - but I am unfamiliar with the effect of borrowing to buy CDS's and similar "toxic waste" which it appears to me essentially loads one level of gearing on another.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Wed Jul 4th, 2007 at 01:20:27 PM EST
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