Oldster's View

Fight Against Maturity

That 28,000 tons of coal you ordered? It’s here.

A futures trader has become “famous” for buying what he thought was futures for 28,000 tons of coal. Oops! Turns out he didn’t buy futures on the coal. What he bought was 28,000 tons of coal which was obligingly delivered to his office on Pier 53.  Details at the link.

Link

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December 4, 2009 - Posted by | Dumb Stuff | , ,

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