Lee Harris
@leeharris.ft.com
Journalist at the Financial Times
Contact: lee.harris@ft.com
Contact: lee.harris@ft.com
Reposted by Lee Harris
Speaking of throwing good money after bad, here's one I did earlier on why the US backstop for Argentina is really an IMF backstop for Argentina, when 46% of total IMF GRA credit outstanding is already, well, Argentina. www.ft.com/content/75d6...
US lifeline for Argentina relies on IMF backstop, say analysts
Trump administration’s $20bn swap line threatens to load even more debt on to struggling South American country
www.ft.com
September 29, 2025 at 3:34 PM
Speaking of throwing good money after bad, here's one I did earlier on why the US backstop for Argentina is really an IMF backstop for Argentina, when 46% of total IMF GRA credit outstanding is already, well, Argentina. www.ft.com/content/75d6...
Thanks @matt-levine.bsky.social for featuring the story in Money Stuff :)
September 2, 2025 at 8:03 PM
Thanks @matt-levine.bsky.social for featuring the story in Money Stuff :)
Munich Re also criticized cat bond investors for being super selective, only taking on the most statistically improbable risks. By contrast, when it does this with its own clients, it’s to ensure prices stay high enough to earn a healthy profit, Munich Re told me:
September 2, 2025 at 8:02 PM
Munich Re also criticized cat bond investors for being super selective, only taking on the most statistically improbable risks. By contrast, when it does this with its own clients, it’s to ensure prices stay high enough to earn a healthy profit, Munich Re told me:
“It would be a little bit like an insurance executive coming along and saying, ‘I don’t want any more development in my neighbourhood, so we’re going to not write any new construction or homeowners policies in my neighbourhood’”
on.ft.com/4jmZgAQ
on.ft.com/4jmZgAQ
Burford Capital accuses Chubb of abusing market power in litigation funding spat
[FREE TO READ] Head of biggest funder hits back after Chubb chief urged peers to cut ties with sector
on.ft.com
May 27, 2025 at 12:36 PM
“It would be a little bit like an insurance executive coming along and saying, ‘I don’t want any more development in my neighbourhood, so we’re going to not write any new construction or homeowners policies in my neighbourhood’”
on.ft.com/4jmZgAQ
on.ft.com/4jmZgAQ