maybe you should do some quick research on the crash of the hedge fund LCTM in 1997/98...turned 4 billion into 1,2 trillion of derivatives.....
the fund was run by the HIGHEST LEVEL ADADEMICS....and their maths modelling....failed.
they went on to run another hedge fund....no penalties
pretty certain greenspan and buffett both expressed concern about derivatives....long before our boy keene
its goobly gook stuff.....
something like the global warming and carbon trading schemes ....or shall we call them....the new derivatives....you pay a lot and get nothing but ....hot air
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academics and the l t c m crash of 1998
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