Are you implying that the Sunday Times Business News section would have told deliberate lies about the affair, considering the Bank Of England, which is The Lender of Last Resort was actively engaged in discussions with the Sultan of Brunei in the middle of the drama to try to put together a rescue package for the bank (which subsquently did not materialise) but the matter was fraught at the time as I remember ? Is that the way you think ?...that a newpaper would stick its neck out and leave itself open to litigation in this way ?
The bank collapsed because the exposure in the futures market was huge and negative and beyond the permitted margin allowed by the banking system, the skirt. The fact that in the latter stages extra funding may have been created by what you say is incidental.
My point is that the bank was brought down in the manner reported at the time, no more, no less.
You are trying to force fit the concept of writing options and Black Swans together which is like taking bits of a jigsaw puzzle that do not slot in together and forcing them to fit to suit your ideas, which are not correct, once again.
I am getting really fed up with your nonsense, if it is not one thing, then you invent another.
