The latest scandal #vestia #derivatives #banks

Vestia (Photo credit: Roel Wijnants)

Vestia, Banks Should Reach Derivatives Deal, Dutch Minister Says – Businessweek.

Rumour has it that Vestia is about to go into bankruptcy over huge derivative losses.

From what I read, Vestia is one of many Dutch housing associations whose remit is to provide affordable housing.

So what are they doing with derivatives?

Seems like they didn’t know either. Once again you’d have to question the role of the regulator.

Common sense, don’t make a huge bet without it!

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