This is part three of a multi-part series about the deep and largely apocryphal history of collateralised lending. Here are parts 1 and 2. For those who can’t be bothered to read parts 1 and 2, but…
Thanks for reading! This post is public so feel free to share it.This is part 2 of an essay. Here is variation margin: deep history part 1. There will be a third.RefresherPrompted by the simple…
A case concerning a snippy letter from a lawyer who should have known better to another one, who did, is an odd departure point for an excursion into without prejudice, but here we are.This is what I…
In the worlds before Monkey, primal chaos reigned.Heaven sought order — butThe phoenix can fly only when its feathers are grown.The four worlds formed again and yet againAs endless aeons wheeled and…
This is a free preview of a paid episode. To hear more, visit jollycontrarian.substack.com This is going to be quite the epistolic journey. Like a Dickens novel designed for people with no taste in…
We’re no strangers to levyYou know withholding rules and so do I:Some tax commitment’s what I’m thinking ofYou wouldn’t get this from any other guy.I just wanna say I’m imputatingGotta make you…
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This is a free preview of a paid episode. To hear more, visit jollycontrarian.substack.com By now I hope the netting problem is clear: regulations require each dealer to obtain lengthy legal opinions…
This is a free preview of a paid episode. To hear more, visit jollycontrarian.substack.com Little Swap-a-ThingMama said, “Now, Eggfried dear:I must go out and leave you here.But mind now, Eggie, what…
Banca Valle del SiliconeNon era Lorenzo MediciIo ho cedole fissateTu le hai variateVogliamo la coperturaFissiamo la procedura—Otto Büchstein, EggfriedWhen we left off last time Silicon Valley Bank had…
