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August 6, 2010

“But everybody is doing it.” Denver Board of Education and Synthetic Fixed Rate Swaps

by: Joseph S. Fichera


August 6, 2010

“But everybody is doing it.” Denver Board of Education and Synthetic Fixed Rate Swaps

By: Joseph S. Fichera

As I noted in Friday’s (8/6/10) front page NY Times article attached, the Denver Board of Education was another issuer of a complex derivative deal who took on risks and wasn’t prepared for a downturn. Can risks be better known and managed? One help would be if the advisors weren’t also on the other side of the transaction. But equally important to remember is that, in the long run, the deals we don’t do for our clients are as important as the deals we do.

http://www.nytimes.com/2010/08/06/business/06denver.html?emc=eta1


Post Published Date: August 6th, 2010


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