82,891
edits
Discredit derivatives: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{g}}A class of [[derivatives]] invented by pioneering derivatives guru and amateur crime novelist {{author|Hunter Barkley}} which Barkley formulated to allow [[alternative investment funds]] who had lazily committed to [[environmental, social, and corporate governance]] standards in their portfolio, not realising that investors would then object to their lucratively leveraged investments in firearms, narcotics, palm oil plantations and financial weapons of mass destruction. | {{g}}A class of [[derivatives]] invented by pioneering derivatives guru and amateur crime novelist {{author|Hunter Barkley}} which Barkley formulated to allow [[alternative investment funds]] who had lazily committed to [[environmental, social, and corporate governance]] standards in their portfolio, not realising that investors would then object to their lucratively leveraged investments in firearms, narcotics, palm oil plantations and financial weapons of mass destruction. | ||
Barkley’s idea was to write swaps laying off the risk of shame on those who could most easily bear it — namely the corporates in the actual portfolio themselves. | Barkley’s idea was to write swaps laying off the risk of shame on those who could most easily bear it — namely the corporates in the actual portfolio themselves. He overcame early objections that this was ridiculously circular by pointing out that so was [[debt value adjustment]] hedging, and that kept a phalanx of financial institutions out of [[technical insolvency]] — and tyheir DVA trades comfortably remunerated — for three or four years through the [[Global financial crisis|credit crunch]]. | ||
{{sa}} | {{sa}} | ||
*[[Credibility derivatives]] | *[[Credibility derivatives]] | ||
*[[Turpitude]] | *[[Turpitude]] | ||