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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Joe Stocks who wrote (85653)	8/29/2007 2:51:47 PM
From: benwood	Read Replies (1) of 110194

I suspect that these huge options trades -- the Bin Laden trade and others -- are from hedge funds or other large, damaged entities (state/county pension funds?) going "all in" -- that is, going for broke. Either they make up their losses and create a huge payday for themselves (or cover up their mistakes and losses), or they go bust and walk away, leaving carnage in their wake and personally no worse for the wear, since they realize they will go bust (or be revealed) anyway in short order. Nothing like a death rattle from multi-billion dollar funds to stir things up. Just a thought about an unintended byproduct of trying to keep dangerous entities afloat for a while longer.

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