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comment by mk
mk  ·  2941 days ago  ·  link  ·    ·  parent  ·  post: Today in synthetic financial instruments news...

Remember way back a month ago when Deutsche Bank was compelled to assert their solvency, and then buy back a bunch of bonds from freaked out bond holders? Here's DBK:GR today.

Everything is not all better, and I suspect that necessity is the mother of this invention.

I don't think 3% is worth holding ING's hot potato.





kleinbl00  ·  2941 days ago  ·  link  ·  

Something I'd forgotten until I watched The Big Short was that when the government intervenes, it takes a fucking eternity for things to play out. And then when they do, all hell breaks loose.