Loading ...here is an explanation of a TRS……which are great, until they blow up and then tks to secrecy and leverage, you have no idea what shiite yr counterparty is and if you’ll ever get paid, or lose it all….it would appear that the AI bubble is rammed with TRS’….
https://corporatefinanceinstitute.com/resources/derivatives/total-return-swap-trs/
and now we have this a first taste of problems…..though the South Koreans appear well advanced in blowing their AI bubble up
‘Situational Bewareness’: Star AI Investor Dumps Assets To Citadel After Massive Levered Bets Blow Up
Looking at the Dork running the show, maybe he should have had his teeth fixed, before pissing away $ 20 billion..!!!!!