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by hogFeast
2142 days ago
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They didn't blow up. Blow up means lose all the money. Afaik, USO weren't trying to roll their whole book that day (the exchange put out a notice a month or so before telling people to roll...as the article says). The Chinese banks were literally attempting to roll the whole fund and investors lost 100% (afaik, they lost more than 100%...the sum I have seen is a loss of 200%+). |
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