Dugdale_Jukes
Senior Member
- Dec 30, 2012
- 2,015
- 267
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With all due respect despite your lack of understanding of derivatives (do you understand what "unsecured" means and how it connects [not] to underlying value, do you? ) - sincere respect - derivatives hammered a bunch of half-smart pretenders as well as fools playing with fire who didn't understand the nominal can become the real when specificly defined amounts of shit are in the fan - someone who isn't going to get fooled again likely has enough going on to find basic details on the major state and local derivatives fiascos.
Another interesting one is some halfwit nutball county in Alabama was probably trying to sell poor children to the Arabs to pay back before they figured it out they could declare bankruptcy and make OTHER suckers eat the part of the bad bet bankers could pass on. Examples of hilariously IR- "rational" risk management by state and local geniatti are all over the map is my point.
Another interesting one is some halfwit nutball county in Alabama was probably trying to sell poor children to the Arabs to pay back before they figured it out they could declare bankruptcy and make OTHER suckers eat the part of the bad bet bankers could pass on. Examples of hilariously IR- "rational" risk management by state and local geniatti are all over the map is my point.
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