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A few words from a relatively poor man pertaining to the financial crisis

Submitted by Nutcracker on 13 October, 2008 - 20:01

Derivation?

After lengthy negotiation Barings Bank derived salvation
from becoming a derivative of the Dutch bank ING.
The downfall of Barings derives from one employee,
deriving pleasure from playing the derivatives underivatively,
of which the management derived not even derivational knowledge,
or so we are to derive from their derivate statements.
"The largest stumbling-block during the negotiations
was the bonuses due to Management and staff!"
This was the BBC's derivation from their observation.
May we derive from that
that certain derivatives
are derivable in any circumstance
and that it is but an accidental derival
that the depositors derive rescue as well?
---------------------------------------------------------
7th March 1995, Claus Piculell

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