Hints and tips:
...Pension funds and insurance companies globally know that rates tend to hit cyclical peaks when the curve inverts, and now that the Fed is signalling it is nearly done, they are piling in to long duration...
...The picture is much more subtle and insidious than the WSJ and Andrew Cuomo et al make out....
...A shareholder derivative action in the Delaware Court of Chancery: Seymour v. Samuels, et al....
...No wonder then, that banks like Citigroup, Goldman Sachs et al are peddling the instruments, according to Bloomberg....
...The monoline is beyond the jurisdictional reach of New York Messrs Spitzer, Dinallo et al, for whom the breakup tolled. But MBIA too, has ballsy investors behind it....
International Edition