Discredit derivatives: Difference between revisions

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Slowly, the product began to catch on. “Before you knew it, it was blazing like the Amazon jungle!” Barkley would later fondly recall.
Slowly, the product began to catch on. “Before you knew it, it was blazing like the Amazon jungle!” Barkley would later fondly recall.
===Mature industry: [[discredit default swap]]s===
===Mature industry: [[discredit fault swap]]s===
Eventually, though, people started to bridle again — I mean, could a polluter really just take its ''own'' discredit back, and thereby exonerate British hedgies of their [[ESG]] obligations for investing in it?  
Eventually, though, people started to bridle again — I mean, could a polluter really just take its ''own'' discredit back, and thereby exonerate British hedgies of their [[ESG]] obligations for investing in it?  


Barkley refined the offering by combining it with another of his innovations: cross-political currency “[[discredit swap]]s” where, for example, a natural wilderness gas fracking conglomerate could swap its embarrassment at precipitating a series of minor earthquakes on a local indigenous people, with a Dutch pornographic film distributor’s regret for generating artificial losses to gain tax relief for its celebrity investors. For example, Hackthorne Capital Advisors Master Fund III LLP<ref>I had seven goes on the [https://www.hedgefundnamegenerator.com/ hedge fund name generator]  before I came up with a fictional hedge fund name that wasn’t actually a real hedge fund name, by the way. Honestly, hedgies: what about some imagination?</ref> could lay off its ''porno-tax'' shame to Golden Crown, who had none — not being implicated in onanistic or fiscal wrongdoing as such, just environmental degradation — and Golden Crown would immediately swap out the porno discredit it had just assumed to Antwerp Fruity Motion Pictures B.V. whence it originated, and Antwerp would deliver back to Golden Crown its own environmental embarrassment, which Antwerp had acquired by selling a put to Snowy Mountain Partners LLC, another [[hedge fund]] in the same pickle as Hackthorne, only long palm oil and not smut.  
Barkley refined the offering by combining it with another of his innovations: cross-political currency “[[discredit swap]]s” where, for example, a natural wilderness gas fracking conglomerate could swap its embarrassment at precipitating a series of minor earthquakes on a local indigenous people, with a Dutch pornographic film distributor’s regret for generating artificial losses to gain tax relief for its celebrity investors. For example, Hackthorne Capital Advisors Master Fund III LLP<ref>I had seven goes on the [https://www.hedgefundnamegenerator.com/ hedge fund name generator]  before I came up with a fictional hedge fund name that wasn’t actually a real hedge fund name, by the way. Honestly, hedgies: what about some imagination?</ref> could lay off its ''porno-tax'' shame to Golden Crown, who had none — not being implicated in onanistic or fiscal wrongdoing as such, just environmental degradation — and Golden Crown would immediately swap out the porno discredit it had just assumed to Antwerp Fruity Motion Pictures B.V. whence it originated, and Antwerp would deliver back to Golden Crown its own environmental embarrassment, which Antwerp had acquired by selling a put to Snowy Mountain Partners LLC, another [[hedge fund]] in the same pickle as Hackthorne, only long palm oil and not smut.  


In this way was the so-called “Discredit Default Swaps” market born.
In this way was the so-called “discredit fault swaps” market born.


Hope that’s all clear.  
Hope that’s all clear.