[_gmax0]

I suppose this is equivalent to writing an option for a very unlikely downside event.

- Pledge $250M in exchange for $4M collateral and $X in interest (?) - Near certain outcome of SBF showing up into court, unless some 4-D chess plan has already been contrived to have him and parents flee (what career do they flee to? Each of them?) - Collect risk-free interest

In the case that this trade blows up, you then call Talib Nassem and tell him you have another anecdote of underpricing tail risk and he'll write about it in his next book on the folly of underestimating black swan events.