JL,
The legalization of "Derivatives" (Mortgage Backed Securities were among those), in 2001 by Bush and his Congress led directly to the 2008 debacle.
That law was never repealed. It stands today. I don't know if any regulation can stop it.
Holy cow!
Would you say that most brokers and traders don't understand dirivatives? Warren Buffett made a statement to that affect back in 2008.
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JL,
The legalization of "Derivatives" (Mortgage Backed Securities were among those), in 2001 by Bush and his Congress led directly to the 2008 debacle.
That law was never repealed. It stands today. I don't know if any regulation can stop it.
Holy cow!
Would you say that most brokers and traders don't understand dirivatives? Warren Buffett made a statement to that affect back in 2008.