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It would be interesting if they make a financial vehicle that turns US AA+ debt (along with something else) into AAA.
by muyyatin 15y ago
It would be interesting if they make a financial vehicle that turns US AA+ debt (along with something else) into AAA.
- winestock 15y agoDamn you, but the boys at Goldman Sachs are probably on it, right now. Take a pile of T-bills. Siphon off the income from them into a pie. Cut the pie into tranches. The first tranch or two are guaranteed to be AAA. Just look at the math that the quants derived... We can all lipsync this tune.
- deleted 15y ago[deleted]
- ericd 15y agoHeh if only they could pretend that the performance of one T-Bill could be assumed to be uncorrelated to that of another T-Bill...