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Who's losses where they hiding? I have a few theories of whose trading counted for most of these losses.
by jgalt212 10y ago
Who's losses where they hiding? I have a few theories of whose trading counted for most of these losses.
- korias 10y agoThese were paper / model-based losses, i.e., they were for derivatives whose value dropped during the financial crisis, but whose value went back up after the crisis. Because they were illiquid and not traded during the crisis, these losses were never actually realized. See http://dealbreaker.com/2012/12/deutsche-bank-ignored-some-losses-until-they-went-away/ http://dealbreaker.com/2012/12/deutsche-bank-ignored-some-lo...
- jgalt212 10y ago> these losses were never actually realized a good portion of them were, but were further covered up by gains made by "fixing" Libor in 2008/9.