
pegasus
Mecca V.I.P.
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http://www.bloomberg.com/apps/news?pid=20601109&sid=alwTE0Z5.1EA&refer=home

“What appears to be a riskless strategy is actually very risky,” says David Zion, director of accounting research for New York-based Credit Suisse Holdings USA Inc.
In the CTA deal, the fund borrowed $1.9 billion by promising to pay bondholders a 6.8 percent return. The proceeds of the bond sale, held in a money market fund, earned 2 percent -- 70 percent less than what the fund was paying for the loan.
