https://news.yahoo.com/goldman-traders-caught-mex…
In private discussions with Goldman Sachs, state-owned utility Comision Federal de Electricidad has blamed rogue traders, ejected staff and even hinted that the side lacking financial sophistication in the trade was, perhaps, the Wall Street bank, the people said.
Crazy that a company would come out and say "rogue traders". Seems like CFE is using every excuse in the book in order to not pay.
Also, the size of the deal would have to have been 500k/d+ in a routine IF/GDA swap to generate that type of exposure
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