New Independent Traders Investment Bank.

Discussion in 'Economics' started by PocketChange, Oct 11, 2008.

  1. I propose starting a new trading bank.
    The Independent Traders Investment Bank

    Everyone can remain private and independent but must contribute $1 for membership. With these membership dues we shall purchase $1M in Lehman CDS and members may swap any losses they have on their books into this CDS asset.

    We shall collectively apply for bail out money and federal reimbursements. Upon receipt of funds we shall cash settle on a post tax basis your original swap and recycle to the next member who has any loss to take.


    Full recovery of all losses.
    Zero Tax - Federal Settlement
    Ownership by participation in your very own private bank.

    Anyone interested?