We don't understand how bonds and derivatives work, or that the disastrous mortgage derivatives model that caused the crisis is being expanded into other areas. (totalpolitics.com)
Anybody relying on a «consensus of risk managers» should recall what a similar consensus said about mortgage derivatives before 2006. (judithcurry.com)
That bubble exploded when the excessively risk leveraged mortgage derivatives were exposed as worthless financial instruments. (remonline.com)