WHOOooEEE! Way2GO, Scoop Award George. FR/Alan is bailing out deriv losers!
WHAT A STORY!!!!
I knew from other news sources,
about LT Capital's 50Bil losses...
in fact, I'd posted that very example to our beloved Hutchie Pooh on THESE very threads in the last 72 hours:
ayup, the same Hutch who sez derivatives are delta neutraled
and high gamma'd safe/without risk/no losses possible if you do it right like supposedly he does...
out the wazoo.
LTCapital's losses are so damn high, Hutchie, that the FED Reserve is loaning them a part of a 3.5 billion dollar bailout... Doesn't quite make up the difference between 50 Billion and say 1/2 of 3.5 billion.
But what's a few billion dollars losses between friends, right, gang?
Now, folks....
Does anyone STILL doubt the existence of
Fractional Math employed by the derivs players,
and how vulnerable this market it to a sniveling bunch of greedy bastards who's only goal is "global connectivity?"
For Whom the Gong Tolls?
Hutch, it tolls for thee. Or are you Meriwether in drag??? |
