Reply #4: 42 T in imaginary gains backed by Monopoly dollars [View All]

[Phoebe Loosinhouse]

I don't know what percentage of the swaps are in the hands of third party gamblers, betting on outcomes that really have nothing to do with them except a large gain if they bet right and a smaller loss, due to leveraging, if they bet wrong.


If company x paid out 1 million in swaps to company y, hoping for a 40 million gain, if it is possible, I say refund them the 1 million back minus some reasonable fee for company y. I don't see either company being seriously harmed and it take some of the lunacy off the table.