Many plain vanilla, interest rate swaps (the majority of all derivatives), are low risk and very simple.
So by my thinking, of course as a total idiot; derivatives mask third party credit risk
Being OTC, as opposed to exchange traded, they make it difficult to measure firm risk.
Guess math comes very easy because Im an idiot. 312 million US residents. $77 Trillion worthless junk
Nothing was worth $77 trillion.
Exactly my point.