Derivatives Stories

I can't help but think of (react to)a four-letter word I associate with scatological banking and bad behaviour and bad loans and risk pools and those who stacked the deck in their own favour, with no regard for the house-of-cards that must eventually fail once it reached the stratosphere when the weight of all the crap the flimsy cards themselves would succumb to the jet stream undercutting somewhere further down or farth...

Above the mundane mortal plane in which most men survive, there soars an anointed regal clan that’s guaranteed to thrive. A group that eats the finest foods whenever it fêtes and dines. A crowd that wears the finest clothes and drinks the finest wines. A clan that goes in private jets on fun-filled world hops. A bunch that pockets billions, all by playing Credit Default Swaps. They are the investment bankers that some loa...