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Re: Derivatives for dummies(this dummy)
dquixote1217 Views: 742
Published: 14 years ago
This is a reply to # 1,266,765

Re: Derivatives for dummies(this dummy)

The term derivative comes from the packaging groups of sub-prime loans together and marketing them as an investment vehicle.  Thus a type of investment was derived from home loans.

When the loans began to fail and the housing market declined, those investments quickly turned sour and were revealed as the high stakes gamble they really were.

And the losers are the American workers and taxpayers who have to foot the bill and whose 401K retirement funds have taken a plunge.



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