I know some PhD mathmos who thought they knew what they were doing.
Most of these derivatives were so complex that it was impossible to work out what was really going on: this is a problem of de-regulation. If financial instruments are allowed to be so complex as to be un-regulatable it shows the limitations of the free market.
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Most of these derivatives were so complex that it was impossible to work out what was really going on: this is a problem of de-regulation. If financial instruments are allowed to be so complex as to be un-regulatable it shows the limitations of the free market.