I’m not up to speed on derivatives but understand they could present a serious problem in our financial system.
I'm fully up to speed on them and know for a fact that they present no problems to our financial system whatsoever, and have actually been instrumental time and time again in solving many potential problems with our financial system.
You both appear to know more in your gut than most people posting here on FR. Mortgage scams, mortgage servicing scams, and illegal foreclosures are all interlinked. Watch the great DVD “In Debt We Trust.” If you really want to learn something about the lending industry and credit card industry. Most people just want to stay blissfully ignorant.