Feb
8th
Mon
8th
Citi plans crisis derivatives
I will summarize: The Too-Big-To-Fail entity known as Citigroup will sell you insurance that pays off if Citigroup doesn’t have the money to pay off their insurance bets. Fortunately, since the US taxpayer is perfectly willing to backstop Citigroup, there’s absolutely no counter-party risk. Buy as much as you like.
