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Three icky little words

Gretchen Morgenson's piece "Behind Insurer's crisis, a Blind Eye to a Web of Risk" in The New York Times September 27 2008

Financial Times 15 October 2008 'Clearing up the credit swaps fog'



1. Credit
2. Default
3. Swap

Remember I said that though god knows I've blogged them enough by now.

Incidentally a lot of people have expressed interest in rumours yet again flying around for some reason that I happen to be none other than the Russian mafia's principal financial advisor ("Vlad's vanyka") which I don't necessarily deny that much and wonder if there's any way they can get a piece of the action for themselves in these troubled times.

Actually the process is really very straightforward if you're genuinely interested. All you simply have to do is send me an email with details of your investment banking account and how to access it and permission to muck about with it as I see fit as well as of course creaming off a wee bit every now and then for myself. It's agreed that we're allowed to shoot each other if things don't work out.

Please don't bother if you're a bank though because a refusal often offends and none of you lot are worth a smear of shit on a piece of toilet paper any more. Also jihadist groups because you know it's haram and I don't see why I should help you into hell any more than you are anyway. Finally the Vatican because I'm not going through all that again ever.

Everyone else welcome!

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