So I finally just read this book. Give me a break, I'm young and was busy reading Hugo and Mishima. Anyway, how does everyone else feel about the derivatives market? Since reading the book, it scares the shit out of me. I've often thought that everything could go down if there's a breakdown in the derivatives market. A global crash, even an Asian crisis that resonates in S. America where Asian demand for metals is heavy, to Russia where oil is, etc. could send the derivatives market into a tumble could it not? The leverage that cheap cheap debt has brought must have also caused many piggish funds/banks to become leverage pigs like LTCM was. Liquidity looks for good returns and all the MBS and CDO buyers are going to get stuffed with that...but much of that was well spread about and mixed in with traditional mortgages. I'm just curious what fears, curiosities, worries, etc. other people have about another crisis like the LTCM crisis happening. There is a lot more money floating around now and I can't imagine it wouldn't be a larger crisis due to the growth in the derviatives market in the last 10 years.