2215: Financial Mass Destruction by Jesse Cramer
Optimal Finance Daily - Financial Independence and Money Advice
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Leverage and Derivatives and the 2007-2008 Great Financial Crisis
In extreme cases, markets to model degenerates into what I would call market to myth end quote. The 2007-2008 great financial crisis was caused by derivatives and leverage. Neither party in the derivatives was accounting for them fairly. When the bonds did fail, many firms had far too few assets to cover their derivative debts. Most investors don't understand them anyway. Just avoid them.
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