So you think that we learned something from the 2008 financial meltdown?
Think again.
Think again.
A major factor in the financial crisis was the use of synthetic derivatives that essentially turned into a casino game. These abstruse financial instruments brought about, among other things, the collapse of Lehman Brothers, the bailout of AIG and numerous banks and the bankruptcy of the country of Iceland.
So it would seem that, if anything, some sanity would be restored to the use of these mechanisms.
Not so.
