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Even the "110%" number is apt to be correct, as someone has probably sold one of those derivatives short.
by ISL 6y ago
Even the "110%" number is apt to be correct, as someone has probably sold one of those derivatives short.
- vikramkr 6y agoGood point - I meant that as hyperbole but if you want to start counting shorts and swaps on swaps and swaps on shorts and shorts on swaps and reinsurance and swaps on reinsurance and so and and so forth, well, that gets really big really fast. Let's just say there was a reason we were so worried about AIG going under during the previous financial crisis.