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> [...] and they missed, or failed to properly cover, an edge case in the liability they were taking on. What was this edge case? Rates rising quickly?
by runeks 4y ago
> [...] and they missed, or failed to properly cover, an edge case in the liability they were taking on.
What was this edge case? Rates rising quickly?
- lmm 4y agoThat and forgetting that even if their assets and liabilities balance in the long run, they can still get blown out on margin calls in the meantime.