What I'm still not clear on is how this unfolds--is all of this based on credit risks that bring down banks and with it the world's economies, kind of like our current banking mess in the U.S.? Can someone give me a layman's explanation on how the derivatives market will unravel and what effects it will have and why?
Putting the derivatives "time bomb" in perspective
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Posted - 04/16/2009 : 06:28:43
