Vladimir Senkov

Pause For Concern On Chinese Currency ETN

This is interesting to me because I already have an outstanding short on MS. So it if was to fail or be in some kind of trouble shareholders would be last in line while creditors (including, i'm assuming, holders of this new note) would be closer to the front. if what happened to the BSC was to be replayed there, i would do OK with this type of hedge. So i'm not recommending to short MS, but if you already are anyways, this might be an interesting play.