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Non-Tech : Derivatives: Darth Vader's Revenge
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To: Worswick who wrote (1108)5/24/2004 3:45:39 PM
From: Thomas M.  Read Replies (1) of 2794
 
The inverse relationship between the size of the OB derivatives business and the apparent margin in basis points reminds us of author Martin Mayer, who observed that

1) There are no economies of scale in banking
2) The derivatives market is about shifting the risk to the dumbest guy in the room.

63.194.25.39
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