Buick Dealership Offers A Free Car -- And A Lesson In The Derivatives Market

Bill Kay Buick GMC is promising a complete refund to anyone who buys a new car on Friday or Saturday if it snows more than 6 inches on Christmas Day in Chicago. "No one has ever done this in the car business before," Karl Regalado, Bill Kay's general manager, told The Huffington Post. "It's legit. A lot of people think it's a scam." It's not a scam; it's a derivatives contract. (Bill Kay Buick GMC) For two days only, your new Buick comes with what is essentially a weather derivatives contract. T...