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So do different  firms report at different times to enable this to work? or are there other firms (the counterparties) that would now be over-levereged as a result of these transactions?

as another question, would you need another firm to be the counterparty? or could this be anglo-shenanigans between UK and US parts of the same bank?                      

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Tue Mar 16th, 2010 at 11:09:23 PM EST

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