"Get Divorced From Your Wife For a Weekend," Derivatives Salesperson Tells Libyan OfficialsMark Melin
The process of convincing powerful government officials to accept untold risk on derivatives trades can take some unusual and sometimes interesting turns.
No, reference is not being made to the U.S. government’s accepting of big bank unregulated derivatives risk with very little accountability. This is about Colonel Muammar Gaddafi’s Libya, whose officials were sold derivatives that led to nearly $1 billion (£660million) in losses for the oil rich nation.
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat.