3 ms·
Another instance of greedy forecasting gone wrong. We (all of us) never learn.
by pfortuny 8y ago
Another instance of greedy forecasting gone wrong. We (all of us) never learn.
- dmix 8y agoThis was ultimately just a transfer of wealth between two parties. There wasn't much of a loss for society as a whole (besides maybe to Aas's creditors and the clearing house but they can handle this risk)...
- maaaats 8y agoThe fund that got depleted has to be topped off again, with money from the other participants in the market. Fortum, for instance, will have to pay ~23M euro, and is largely owned by the Finnish state. Same goes for lots of the other players.