It’s funny to me. I’m a Texan.

A girl from Oklahoma and a girl from Wisconsin were seated side by side on a plane.  The girl from Oklahoma, being friendly and all said, “So, where y'all from?”   The Wisconsin girl said, “From a place where they know better than to use a preposition at the end of a sentence.”   The girl from Oklahoma sat […]

What will happen when Italy 'restructures'.

All the investors who bought Italian bonds will want their money so they will turn to the insurance policies they bought to protect them against this very event.  Those insurance policies are called 'derivatives'.  Another name is 'credit default swaps' or CDS. Why does anyone care if a bunch of Eyetalian banks go tits-up?  Almost […]

What will happen when Italy ‘restructures’.

All the investors who bought Italian bonds will want their money so they will turn to the insurance policies they bought to protect them against this very event.  Those insurance policies are called 'derivatives'.  Another name is 'credit default swaps' or CDS. Why does anyone care if a bunch of Eyetalian banks go tits-up?  Almost […]