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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (86004)	6/26/2002 7:33:32 AM
From: Jim Cash	Respond to of 99280

Message 17585500 And you didn't get 25 different scenarios.

To: macavity who wrote (86004)	6/26/2002 10:59:45 AM
From: Berk	Read Replies (1) \| Respond to of 99280

Macavity, that wasn't nice to wake up to this morning! As a former derivatives trader have you by chance ever seen anything made public about who the put buyers were of the airline and insurance stocks prior to 9/11? It would seem to me that it wouldn't be that difficult to determine the information.

To: macavity who wrote (86004)	6/28/2002 2:02:44 PM
From: LLCF	Respond to of 99280

Yep, that's what structured products are... got a little 'tax problem' with some IBM you own from $2 and you want to dump @ $120 but just HATE paying taxes cause after all you're only worth $35million and the Underwoods next door have twice that! Well, here at "financial products" I'll simply do a x year swap with you... IBM vs S&P to take all your IBM specific risk away. Then we'll do the S&P/Libor too so you can sleep at nite. Now, the fees seem high... but hell you're essentially delaying paying taxes on $10million as long as you want so don't cry too hard and sign here.... on the banksters dotted line. DAK