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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: clochard who wrote (174690)6/23/2002 10:39:47 AM
From: Knighty Tin  Read Replies (4) of 436258
 
Steve, You hit a nerve with that comment. I was sitting at the launch of a new futures fund and the manager made the comment that they now use some over the counter futures and options, as the listed markets are too limited. I cringed. You can be the greatest trader ever, but if your counter-party goes belly-up, you are dead meat.

I suspect Fannie is fairly well hedged against big losses, but who the heck is a good counter-party for a co. of that size?
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