Relevant:
2010-02-08 — risk.net
"Credit specialists at Citi are considering launching the first derivatives intended to pay out in the event of a financial crisis. The firm has drawn up plans for a tradable liquidity index, known as the CLX, on which products could be structured that allow buyers to hedge a spike in funding costs."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments:
tvsterling at 08:23 2010-02-09 said:
More truly disgusting antics. First, if Armageddon strikes who says there will be a Citi? Count on a mini Armageddon? I think not. Then too wouldn't gold, ammunition & canned goods be a better hedge? Certainly cheaper. Finally, it just galls me at a very basic level that these turds would set out to strip mine the chaos they created. Of course the ultimate insurer against collapse is still the government so that makes the whole exercise fraud on the face of it doesn't it. I'm just old fashioned I guess Permalinkadd a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.