Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Zardoz who wrote (2593)	12/14/1998 9:20:00 AM
From: Cynic 2005	Read Replies (1) of 81102

<<Geeeshh, Nearly all derivatives over the counter are sold to hedge funds against secured assets. >> Is that so? LTCM derivative exposure was believed to be over $1 tril. Granted it is an exaggeration and let us moderate that number by 80% which still leaves it at $200 bil. Let alone the fact that LTCM does not have the assets to back that kind of exposure. Now tell me collectively how many investment bankers are capitalized to that extent? "Secured assets" in a highly leveraged and over exposed derivatives market is an oxymoron!

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