It's not a faux question, fraud is a serious accusation.
very few people in the world understand and can explain the complexities of the derivatives market
I have a feeling the huge financial firms that bought these synthetic CDOs (they weren't sold to little investors) have a pretty good grasp on derivatives.
Here’s a book that give’s a good layman’s partial overview of what transpired in the financial meltdown:
Business Ethics: Ethical Decision Making and Cases
By O. C. Ferrell, John Fraedrich, Linda Ferrell