biggest things here aren't making sure no one ever goes under--it's making sure:
1) it's not to unsuspecting retail
2) risks properly disclosed
3) no contagion
this basically means -- it's one thing to have insto <> insto credit, but another to have deceptive credit vs retail
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How do we as an industry—apart from staying clear from undercollateralized algostables—best ensure that a 3AC moment does not happen again?
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