Default, dear Brutus, is not in our stars,
But in ourselves, that we are underlings.
First rule of bidness: Know your counterparty or use a clearinghouse.
From FT Alphaville:
That time I defaulted on Bloomberg’s Tracy Alloway
Back in October, 2015, Bloomberg’s Tracy Alloway and I struck an OTC futures deal over a teeny, tiny vial of crude oil, which Tracy for some reason felt compelled to
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