Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The credit groups were paid very well to try to keep a handle on who  we had too much risk exposure with and to demand margin from the poorer credit risks.

Well I came into regulation in 1986, (and the IPE in 1990) people were still coming to terms with Brent credit risk after a few embarrassments which came about from trading with "tiddlers".

Btw this

Metallgesellschaft Case study

 is interesting in the oil market context....  

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Wed Mar 26th, 2008 at 09:00:55 AM EST
[ Parent ]
that's the real problem.  People in the credit world assume Exxon or MG are too big to actually fail and give them open credit.  And then they really really F/up.

I got lightly singed a time or two by small players but no worse than a bad demurrage snafu.  part of doing business.  

Trading is not for the faint of heart or the risk adverse.

by HiD on Tue Apr 1st, 2008 at 01:45:59 AM EST
[ Parent ]


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