If it wasn't so devasting for ordinary people whose homes & savings are threatened

you'd have to laugh at all those who thought the markets would continue to rise forever and that cash would always be available to fund further investment - especially in a not particularly well understood market like credit derivatives.

Next time you're interviewing - ask what procedures are in place to handle a default on even just one of their underlyings. I'm willing to bet there are practically zero.

Posted By: BerlinCanary, Apr 1, 10:57:30