[Sequoyah101]

Sounds like a 2 dollar brit term phony as they are.

Things have become far to clever.

Rehypothecation sounds like more BS from the usual sources.

Doesn’t matter if it is only a statistical risk, you roll the dice enough times it’ll come up snake eyes. If you’ve got the farm bet on that roll you lose it all not a probabilistic loss, a total loss. It is no longer statistical. They aren’t owed bailouts. Never have been and never should be.

[cripplecreek]

Rehypothecation sounds like more BS from the usual sources.

First thing I do this morning and flip over to the BBC and they're running a story out of Europe about an insurer doing the same crap with valuable items like rare musical instruments, jewelery, cars, home etc.