In the news regularly since the Great recession of 2008 has been companies that engaged in risky betting through the over-usage of the family of complex derivatives. These are financial products that act like insurance but are not regulated like insurance products. In fact, there was little transparency in this market, and especially so with AIG, the largest insurance company in the world which was near collapse when many of the derivative products they were selling came due, and they had to seek a bail-out by the federal government or face total collapse. Nowhere did this happen most than Continue reading...