If this is true then we have a molotov cocktail for investors
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Why exactly is this a problem? JPM uses such a vehicle and so do other banks.
Yves Smith is a fucking moron, bitter at the world because She was basically fired from every I-bank she worked.
J,
High risk derivatives should not be put up against conservative money market divisions.
It is akin to saying that they will blow up and the losses will be covered by the tax payer.
If you can not understand why this is an ill practice then you should probably go back to logic 101