InvestorsHub Logo
Followers 67
Posts 10154
Boards Moderated 0
Alias Born 06/02/2010

Re: RainerRocks post# 11144

Thursday, 09/01/2016 12:57:28 PM

Thursday, September 01, 2016 12:57:28 PM

Post# of 13238
The Derivative trades in question are likely fraudulent due to the in appropriate value placed on them imo. If they were to mark these assets to the market rather than to the model it would likely start an unfavorable chain reaction and downward spiral in certain markets.

The irony is it's completely "legal" in the US as of a few years ago when the accounting standards were changed over night.

I don't know for sure but that would be my guess based on the information in the article. Thanks for sharing