Showing posts with label collapsed banks. Show all posts
Showing posts with label collapsed banks. Show all posts

Monday, January 25, 2010

Derivatives

Our government financial experts really are clueless. The over-expansion of leverage and derivatives of collateralized mortgages caused our financial crisis. Now the broke FDIC wants to collateralize bad loans from collapsed banks, package them, and sell the securities to the markets. Talk of financial reform is utterly worthless if the causes of credit bubbles are misunderstood.

http://www.cnbc.com/id/35055601