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Non-Tech : Climate Change, Global Warming, Weather Derivatives, Investi
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To: Glenn Petersen who wrote (305)5/31/2009 2:08:09 AM
From: Hawkmoon1 Recommendation   of 442
 
"Our job is to manage customers' risk," says Garth Edward, Citigroup's director of environmental products. Banks collect an estimated $2 million to $3 million per client for such advisory services, according to financial consultancy TowerGroup.

No worries.. just set up a "Carbon Default Swap" market.

We all know what a awesome success the Credit Default Swap market was..

What can go wrong??.. ;0)

Hawk
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