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Felix Salmon points out scam. Friend asked me about this too..

Started by Riversider
almost 17 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
http://blogs.reuters.com/felix-salmon/2009/06/16/the-reverse-convert-scam/ http://online.wsj.com/article/SB124511060085417057.html
Response by Riversider
almost 17 years ago
Posts: 13573
Member since: Apr 2009

How would you like to lend money unsecured to a highly-leveraged financial institution while at the same time writing an out-of-the-money put option on an extremely volatile individual stock? Sounds unappetizing, right?

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