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Damn 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 t
by winestock 15y ago
Damn 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...