Jan. 22, 2009
My first appearance on Adam Curry's Daily Source Code on 8 April 2008. Discussion on the four main types of risk which include (1)payment, (2) counter-party, (3) exchange-rate and (4) performance. Derivatives play a huge role in the evaporation of the current system. Entire markets are gone such as Auction Rate Securities, Mortgage Backed Securities, etc.
