Dark, Mysterious & Sexy Volatility
The ACID Capitalist Podcast
00:00
The LDI Schemes, You Know, They're Dealing With Coke Trading
LDI schemes created by bad or inet practice, I want to say via these LDI schemes. You know, we're starting to see more and more come out of it. These are dull pension schemes that warehouse all the kind of retail risk for everyone at home reading the newspaper. We've just discovered that they're dealing with cocaine traders and they're leveraged to the wazoo. And actually, there'll be a lot it looks like they actually pledged a lot of ill liquids which will go through system.
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