News, analysis and personal reflections on the markets & the financial sector

Wednesday, December 30, 2009

Derivatives aren't sole cause of crisis

Robert Reoch, a credit derivatives consultant, uses a crash by a modified sports car as an analogy for the financial crisis and derivatives. Reoch explains that derivatives themselves are not to blame for the crisis. "As with so many things in life, accidents are mainly caused by the driver, not the vehicle," he writes.

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