[baltoga]

The author’s contention seems a bit far fetched. He links loans, debt securities and hedge funds and then assumes any sudden change would result in a “domino effect” resulting in the collapse of the whole European credit market.

The more likely scenario is that investors who happily plunged their money on the promise of 20% returns will get a rude awakening that “past performance is no indicator of future performance”.

[Jimmy Valentine]

You are propounding two of my favorite axioms;

"There is no free lunch", and "If something is too good to be true, it invariably is."