[TruthShallSetYouFree]

Soon, similar synthetic securities will be offered to the treasurers of small towns in Norway.

Two Citi-bankers, discussing these securities:

"Who is going to buy this crap?"

"Isn't it good? A Norwegian would."

[Wolfie]

No matter, the market will police itself. And then be bailed out by the taxpayers, because regulation is baaaaaad.

[kitkat]

Thanks, Blam

From Wikipedia.
“A funded credit derivative involves the protection seller (the party that assumes the credit risk) making an initial payment that is used to settle any potential credit events. (The protection buyer, however, still may be exposed to the credit risk of the protection seller itself. This is known as counterparty risk.)”

[3Fingas]

I have approximately 30% of my retirement portfolio in stocks. Sometimes, I think that I should have been more aggressive in the market about a year ago, but I know this is a house of cards that will collapse eventually. However, watching the markets expand at a furious pace without any justification for this increase is making me more nervous about my liquid assets in the banks. I am actually thinking about taking half of my money out of the banks right now just in case.

[Vaduz]

Ain’t shell games grand.