Citigroup's plan: profit from the next crisis David Weidner's Writing on the Wall - MarketWatch: "NEW YORK (MarketWatch) -- Questions of the day: Would you buy a round-trip ticket on an airplane prone to crashes? How about a car with a history of serious brake problems? Interested in a TV that works great, except for the picture?
If you answered yes to any of those, do I have an investment opportunity for you.
Citigroup Inc. /quotes/comstock/13*!c/quotes/nls/c (C 3.32, +0.01, +0.30%) , our taxpayer-funded national bank, is readying a new credit derivative, the CLX. Basically, the CLX is systemic risk insurance that will pay out in the event of a financial crisis. The basic premise is to allow investors to hedge against a spike in funding costs."
No comments:
Post a Comment
Spamming will be removed.
Due to spamming. Comments need to be moderated. Your post will appear after moderated regardless of your views as long as they are not abusive in nature. Consistent abusive posters will not be viewed but deleted.
Note: Only a member of this blog may post a comment.