... how about borrowing money so you can leverage up 3-to-1 to invest in a Ponzi scheme?
That's what Nomura and Neue Private Bank (NPB) did. You can read their marketing piece here.
It sounds like Nomura/NPB's customers are limited to losing what they put in (100%), so Nomura is going to have to pony up the other 200%. Sucks to be them!
12.13.2008
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