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Tempacc201910 karma

Are you saying no one accounted for the notional value of a short option position in their books? Wow man. That's fucking crazy. I know the 90s were a long fucking time ago but weren't option strategies already being used in the market? Sitting in 2020, this seems like an unbelievable oversight. You could basically load up on otm puts without compliance issues. I need to read your case tbh.

While I have you, can I also ask opinions about the London Whale trader / LIBOR manipulators / currency trader manipulations etc? Are any elements of those case particularly interesting to you as a financial con game?