Monday, July 22, 2013

Climateer Line of the Day: Now That We've Determined What You Are Let's Talk Price Edition

One in three financial institutions would accept “low-quality, complex and opaque” collateral to back trades provided that it’s “cheap,” according to a survey from the operator of Switzerland’s exchange and clearinghouse.

Yes, yes we understand the quality/price/haircut matrix.
I don't care who you are, that's funny...