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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (19082)3/25/2009 11:26:16 PM
From: carranza2  Read Replies (1) | Respond to of 71475
 
From the article:

As one of the head traders for Magenta Forex, which I understood to be a part of AIG, Raj offered me what seemed like a lucrative trading strategy: AIG purchased currencies like the German Mark and the French Franc at a small discount to the spot price, then would sell the money back and pocket the difference.

Who would in their right minds would believe such a story?