Are Interest Rates going to Pop the Derivative Bubble?
In 2008 Americans witnessed the popping of the US housing market by means of irresponsible over-lending (Bush housing policy) and poorly structured CDOs (Collateralized Debt Obligation) traded between big lenders. The bubble was the largest of all most recent bubbles and was valued at about $4 trillion. Trillions in calculated wealth disappeared overnight as incoming payment defaults tipped the scales and made a loud enough noise to wake up even the smallest of investors who
