[Buffalo Head]

It is much more important to understand how Wall Street was forced into creating derivatives by liberals and their affordable housing politics.

Read Thomas Sowell's book "The Housing Boom and Bust".

[moehoward]

"...forced into creating derivatives…"

LOL!! That's a good one.

[skinkinthegrass]

"Illigitimi non carborundum""Don't let the bastards grind you down"
love that FR_tagline.

[yetidog]

Derivatives as an investment class are not limited to bundled mortgage derivatives. Any instrument sold as representative of an underlying asset is technically a derivative..paper nothing more and have been around for centuries. I just don’t think the government should be subsidizing derivative markets in any shape or form due to risk and fraud and apparently Ms. Warren thinks the same even though her party encouraged their use to make housing readily available to those who had not the slightest chance of paying for it.