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Capital Isn't Where You Get Your Mud
Ado must make the analogy between banks and their derivative positions, right? Banks have said for a really long time while, we don't need to disclose the details of our derivative holdings because this is prop tary information. I think that the misuse of proprietory information is pretty scary. We push corporations to disclose things that are in shareholders interest,. And disdisclosure is key. Capital isn't wherever you get your mud.