Leading economist Nouriel Roubini explains in bullet-point form how hedge funds are driving the stock market collapse. Take careful note of how credit default swaps are a key factor in the stock market sell-off, and how another type of derivative - "collateralized fund obligations" - may be the next shoe to drop
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What Really Happened: Hedge Funds' Derivatives Exposure and Margin Calls Driving Stock Market Crash
By mememan - Posted on October 15th, 2008
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