RSS« Practical Comments on World Bank MENA Development, Part II | Bangingly bad »
June 08, 2005
Chilling
Speaking with my two wise men last night over dinner, we started talking Hedge Funds and Madness. Happens one of them was just doing some stuff with JP Morgan on credit derivatives. Mentioned he JP has net (again) net expore around 900 billion on this. We had a somewhat chilling conversation about the implied counterparty risk given what is likely to be an inevitable hedge fund crisis in the future.
Of course my wise man has been through the Peso crisis, etc. etc. so....
(Very amusing stories he recounted I may add about a trader he knew on that who got caught on the wrong end and decided, I quote "to go out all guns blazing since he was fucked anyway."
[added note]
Well it looks like game over. Note from central, rude bastards, no commitments beyond November. More later. I am pissed off, slimey scumbags.
Posted by The Lounsbury at June 8, 2005 10:10 AM
Filed Under:
Jan-July 2005
Trackback Pings
TrackBack URL for this entry:
http://www.aqoul.com/movabletype/mt-tb.cgi/730
