Energy Traders Ask For Central Bank Bailouts To Save Them From "Margin Call Doom Loop"

Source: https://www.zerohedge.com/commodities/energy-traders-ask-central-bank-bailouts-save-them-margin-call-doom-loop
Published: Mar 16, 2022
Author: Tyler Durden
Post Date: 2022-03-16 12:35:31 by Horse
Views: 222

The industry needed “time-limited emergency liquidity support to ensure that wholesale gas and power markets continued to function”.

Poster Comment:

We might re-work Dale Carnegie and call this How To Win Campaign Contributors but Lose Elections.

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#1: BTP Holdings    To: Horse (#0)

The rural water system in L.A. County was losing water. They hired a private investigator.

One day he saw a tanker filling at a hydrant. He followed the tanker to Tom Selleck's 50-acre estate.

They sent Selleck a bill for $65,000 for the cost of the investigation and a "cease and desist" order. ;)

BTP Holdings posted on 2022-03-16 12:44:29   Reply   Private Reply

#2: TommyTheMadArtist    To: Horse (#0)

I fucked up trading stocks, I need a bailout.

I fucked up with my check book, I need a bailout.

It’s the same thing. Except that when I screw up with my checkbook, I end up having to bail myself out and accept the losses. This is so completely unfair to the tax payer it is not even funny.

TommyTheMadArtist posted on 2022-03-16 13:54:11   Reply   Private Reply