schadenfreude

nicholas on 2009-01-28T19:09:55

In the meantime, I have lately found myself really missing the popularity of the credit-default swap, in that I would really love to be able to buy credit-default swaps on people. For example, if I know someone has a particular credit card and I think their spending is out of control, I could buy a swap on, say, their AmEx. Certainly a vulture idea, but what evil fun it would be to bet against your “frenemies”…

This Machiavellian money making scheme brought to you by lolfed.


liquidity

doop on 2009-01-29T00:37:02

That's a nice idea, and easyish to implement, but who would take the other side of the trade?