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Niall Ferguson on 'Planet Finance'

Paul,
Simply following up on my end of the deal. Minister Brown seems amenable to the swap - he appears to be insistent, however, on two points:
1) Wants this arrangement to be called the "Darling/Franks Swap".
2) He has some crazy idea that we should also "monetize" the swap as some form of financial derivative.
I'm not sure about this latter point Paul, you're the expert in this arena. The guy just went on and on and on - you know, "credit default", "carbon caps", "LIBOR", etc. - something about wrapping all of this stuff together in a "spot" rate and then 1, 2, & 3 month horizon! What do you think?
Did you call Nancy yet?