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fuse lit on jpms $trillion interest rate swaps

  1. hippo567
    1,014 Posts.
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    25/05/12
    11:04
    Post #: 10222690
    Jim Willie has attributed the JP Morgan losses to Interest Rate Swaps gone bad, triggering an irreversible chain-reaction in multi-trillion-dollar derivatives.

    "But the WSJ revealed something more important, that the loss stemmed from the Delta-Hedging program that involves the Interest Rate Swap contracts in their vast derivative book"

    A must read:

    US T-BOND TOWER OF BABEL TEETERS
    Value at posting: $0.00
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