asides-6

10 Feb 2009 · #asides · #quote

I do not need an illiquid rated first-to-default credit-linked note issued by a bankruptcy-remote Cayman Islands special purpose vehicle; linked to a basket of reference entities and their reference obligations; and secured by a portfolio of underlying assets whose cash flows have been modified by cross-currency and interest rate swaps with a swap counterparty called Lehman Brothers. -- Mr Wang