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76 sats \ 0 replies \ @grayruby 27 Mar \ on: 💡 ISDA and Its Letter - Part 1 econ
James is great. Swaps and derivatives are purposefully opaque. No one even knows how much leverage has been piled on leverage. But don't worry, I am sure all the big brain Wall street PHDs that could actually be doing something useful for humanity have it all hedged out right? right?