creekbore
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Lazy, cynical and insolent since 1968


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February 12, 2014, 09:11:15 AM

.... the Wild West of Fiat (also known as London) where AIG's traders ran that company into a bankrupt state and JP Morgan's whale trader lost them billions too.

Oh Yes!

If you are interested in these things you should check out the last edition (1358) of Private Eye: Rothschild and BArclays have come up with a synthetic hedge fund that will raise up to 10billion GBP via the sale of toxic student loans, while simultaneously taking the loans off the govt books.  It is described as making PFI "look transparent and straightforward".