You are viewing a single comment's thread from:RE: Regulating Cryptocurrencies... And Why It MattersView the full contextView the direct parentdali.soh (50)in #bitcoin • 7 years ago you can still choose to exercise your derivatives or simply let it expire.
Derivatives that were employed to hedge the risk of the bundled mortgages were not exercisable, despite them being theoretically very valuable when the mortgages defaulted.
They couldn't be, because there was no money to pay them.
It wasn't a matter of choice.