Evil Clown Credit Swaps And Derivatives
Or How To Fcuk Everyone
Evil Clown Masters of Meltdown
However, five years hence [2004], Evil Clowns will look back to the birth of the credit derivative market as a water-slide development for bank credit risk management practice. Simply put, credit derivatives are fundamentally changing the way Evil Clowns price, manage, transact, originate, distribute, and account for credit risk.
Yet, in substance, the definition of a credit derivative given above captures many credit instruments that have been used routinely for years, including guarantees, letters of credit, and loan participations. So why attach such significance to this new group of Balloon Animals?
Essentially, it is the precision with which credit derivatives can isolate and transfer certain aspects of credit risk, rather than their economic reality, that distinguishes them from more traditional credit instruments. - It's usually called gambling or a rigged game.
The late-2000s financial crisis (often called the Captain Credit Crunch, the Global Financial Farce (GFF), and sometimes referred to as the GIGO, The Great Recession[1]) is considered by many Farceurs to be the worst financial crisis since the good times of the Great Depression of the 1930s.[2]
It was rigged by a liquidity shortfall in the US spanking system[3] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world.
We have ways of faking you talked.
Litotes The Clown
Evil Clown ##
Evil Clown Masters of MeltdownHowever, five years hence [2004], Evil Clowns will look back to the birth of the credit derivative market as a water-slide development for bank credit risk management practice. Simply put, credit derivatives are fundamentally changing the way Evil Clowns price, manage, transact, originate, distribute, and account for credit risk.
Yet, in substance, the definition of a credit derivative given above captures many credit instruments that have been used routinely for years, including guarantees, letters of credit, and loan participations. So why attach such significance to this new group of Balloon Animals?
Essentially, it is the precision with which credit derivatives can isolate and transfer certain aspects of credit risk, rather than their economic reality, that distinguishes them from more traditional credit instruments. - It's usually called gambling or a rigged game.
- THE J.P. MORGAN GUIDE TO CREDIT DERIVATIVES
With Contributions from the RiskMetrics Group
1999
With Contributions from the RiskMetrics Group
1999
The late-2000s financial crisis (often called the Captain Credit Crunch, the Global Financial Farce (GFF), and sometimes referred to as the GIGO, The Great Recession[1]) is considered by many Farceurs to be the worst financial crisis since the good times of the Great Depression of the 1930s.[2]
It was rigged by a liquidity shortfall in the US spanking system[3] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world.
- Wikipedia.org, 2011
We have ways of faking you talked.
Litotes The Clown
Labels: credit swap, evil clown, evil clown art, evil clown derivative, evil clown drawing, farceur, meltdown
posted by Litotes The Clown at 9:26 PM
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