The failures of these derivatives was calculated to be a 25 sigma event by the wonder boyz at the time that they were originally sold. That is once in the life of the universe.
Too bad it only took 5 years.
What they didn't consider was that fear is a little understood contagion.
BUMP
"What they didn't consider was that fear is a little understood contagion."Yep, they thought they could write a program for it.
The Lord wrote those algorithms and he isn't divulging the codes.
yitbos