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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (81917)	10/21/2011 11:13:35 PM
From: TobagoJack	1 Recommendation Read Replies (1) \| Respond to of 217752

<<What was notational value of derivative-bomb "ikillulator" contracts peddled to wealthy mainland Chinese by HK fluttering-eyelash saleswomen of GS/HSBC/C/UBS a few years ago? :o)>> the eyelashes still flutter Message 25232046 the accumulators were wonderful for learning Message 25175871 (i) there were actually 2 killer 'products', the 'accumulator' and the 'lehman minibonds' (a) the notional value of the accumulators were about usd 23-25 billion (not the initially feared biblical amount of 1/2 tril), and the product was essentially various flavors (terms / strike) short puts and calls on a wide variety of underlying equity and currency wagers. the mainland speculators who engaged with accumulators via hk could have reneged on their accumulator contracts unless they actually wanted the underlying accumulation obligation, and as most of the stuff had to do with commodities and commodity currencies, the ones who did accumulate were made money good in any case post q4 2008 / q1 2009 as the american for the people by the people government was kind enough to sacrifice its electorates for the good of the planet, most if not all of the accumulators became money-good, a wonderful happening. (b) the usd 1.5 billion of lehman minibonds stuffed to about 40k folks were made money good at 96.5% by the evil american squids who sold them so that they may remain on freedom hong kong and w/i the sovereign embrace of beijing, a nice platform where they can carry on biz with the world as their oyster; iow, hong kong minibond investors were bailed out by generous american tax payers who backstopped the squids, another wonderful happening. (ii) my own experience w/ derivation-infused bomb aig was a good one Message 25115019 (2008 10 27, description of typical product) Message 25190472 (2008 11 19, cashing out aig annuity) Message 25202464 (2008 11 24, liquidate aig annuity and promising to buy pt to sum equal to daughter's formal education budget) - now w/ pt at 1500, 1-years young son jack's prospective education is also taken care of :0) Message 25267804 (2008 12 20, buy physical platinum @ 790) Message 25295475 (2009 01 03, commenting on what obama must do to make me whole, and then he did :0) cheers, tj p.s. i get very excited whenever i hear people say the next crisis would be greater than the one in 2008. bring it on, i say. am giddy w/ anticipation.