Today, in the Huffington Post, I posted a document that shows an earlier incarnation of the ABACUS trade (although, not that different from the one that has got the SEC up in arms). I also explained it as well as I could. Head on over and let me know what you think.
Dear John Thain
Once upon a time I wrote John Thain a letter. I never heard back. Maybe my thoughts need a broader audience.
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Dear John Thain 