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In return, these banks received collateral in the form of assets in Mr. Madoff's firm, which are most likely worthless.
In return, these big banks received collateral in the form of assets in Mr. Madoff's firm, which are most likely worthless now.
The BBC also received collateral damage for spending too much time revering science, as did my own experiment at Cern, the particle physics laboratory near Geneva, just for being there.
But it is a simple truth that a number of the richest people in the country suffered little or no loss of income whatsoever, and that AIG counterparties received collateral payments related to credit default swaps in full thanks only to $105 billion in public funds.
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Finland has also insisted on receiving collateral in exchange for its participation in eurozone bailouts – which has impressed Moody's.
Finland continues to demand that it receive collateral from Greece in return for aid to that country.
Later in the year Finland agreed to participate in the EU's bailout of Spain, again on the condition that it receive collateral for its contribution.
Euro zone countries continue to negotiate with Finland on Helsinki's demand that it receive collateral in return for contributing to the bailout fund.
Finland has cast doubt on pledges of European unity by insisting that it receive collateral from Greece in return for aid, another issue that threatens to upset plans to expand the bailout fund.
The government has been insisting on sticking to a provision in the July agreement under which it would receive collateral for its contribution —a clause that has proved divisive.
Adding to the air of uncertainty over the crisis, Finland continues to negotiate with Germany and other euro zone countries on its demand to receive collateral as a condition for its share of the latest Greece rescue package.
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CEO of Professional Science Editing for Scientists @ prosciediting.com