4 ms·
Someone had to be on the other side of the banks' trades.
by fallentimes 18y ago
Someone had to be on the other side of the banks' trades.
- nostrademons 18y agoNot anymore. ;-) (When the counterparty goes bust, they've gotta collect what they're owed in bankruptcy court. Even if they were on the winning end of the trade, there's no guarantee that they'll get cash out of it. And in the meantime, the sudden disappearance of their trading partner means that some of their trades are likely dangerously unhedged.)