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The Lion’s Den: An Opco Boone Adventure: Difference between revisions
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The Lion’s Den: An Opco Boone Adventure (view source)
Revision as of 11:49, 20 December 2022
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Felix cocked an eyebrow. “But how? The perimeter — it’s — I mean, the borders are [[MiFID]]-patrolled for Chrissakes ...” | Felix cocked an eyebrow. “But how? The perimeter — it’s — I mean, the borders are [[MiFID]]-patrolled for Chrissakes ...” | ||
“[[Reverse enquiry]] into Liechtenstein —” | |||
Felix whistled. “Clever. Mainland, but not EU.” | Felix whistled. “Clever. Mainland, but not EU.” | ||
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“Information. It’s all I want.” | “Information. It’s all I want.” | ||
Felix peered at Boone, as if | Felix peered at Boone, as if inspecting mould. | ||
“This isn’t the normal fake equity, Felix. This is hard stuff. Carbon. Nitrous Oxide. This stuff kills people.” | “This isn’t the normal [[synthetic equity swap|fake equity]], Felix. This is hard stuff. Carbon. Nitrous Oxide. This stuff kills people.” | ||
“[[Emissions]], huh?” | |||
“[[Collateralised]] freaking emissions, Felix. They’re ''tranching'' the stuff.” | “[[Collateralised]] freaking emissions, Felix. They’re ''tranching'' the stuff.” | ||
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The old man looked away and sighed. “Yes.” | The old man looked away and sighed. “Yes.” | ||
[[Opco Boone|Boone]] shifted. He caught a vibe. “Wait a minute. | [[Opco Boone|Boone]] shifted. He caught a vibe. “Wait a minute. You kn—” | ||
Felix cut him off. “It’s done, Opco. It’s too late. The trucks are rolling. But you have to admit, it is elegant.” Felix tittered. “We have extracted the pure price of governmental regulatory permission to discharge greenhouse gas into the air.” | Felix cut him off. “It’s done, Opco. It’s too late. The trucks are rolling. But you have to admit, it is elegant.” Felix tittered. “We have extracted the pure price of governmental regulatory permission to discharge greenhouse gas into the air.” | ||
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“Yes, exactly.” | “Yes, exactly.” | ||
“''Hot air''!” | |||
“Well, specifically, a derivative | “Well, specifically, a ''derivative'' of a government ''regulation'' about the ''right'' to expel hot air.” | ||
“Oh. Right.” | “Oh. Right.” | ||
Felix brightened. “Only, it’s five times levered! And Opco?” | Felix brightened. “Only, it’s five times ''levered''! And Opco?” | ||
“Yeah?” | “Yeah?” | ||
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“That’s not even the best bit.” | “That’s not even the best bit.” | ||
“You mean, there’s more?” | “You mean, there’s ''more''?” | ||
“There’s more.” Felix licked his lizard lips. “The whole thing — every goddamn tranche; even the triple As — it’s all denominated in —” | “There’s more.” Felix licked his lizard lips. “The whole thing — every goddamn tranche; even the triple As — it’s all denominated in —” | ||
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“For dear life!” Felix roared. | “For dear life!” Felix roared. | ||
At that moment, [[Opco Boone|Boone]] understood everything. The enormity; the horror; the forthcoming apocalypse. [[Bitcoin]]. They had denominated this goddamn thing in ''[[bitcoin]]''. Tens of thousands of witless, sheep-like certified financial advisors completely unable to resist the tawdry lure. It was catnip. They were fucked. This was going into every portfolio in the country. | |||
Tens of thousands of witless, sheep-like certified financial advisors completely unable to resist the tawdry lure. It was catnip. They were fucked. This was going into every portfolio in the country. | |||
“Stick your 401k in cash, brother. This is going to hurt.” | “Stick your 401k in cash, brother. This is going to hurt.” | ||