Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives

Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity DerivativesCould rapidly falling oil prices trigger a nightmare scenario for the commodity derivatives market? The big Wall Street banks did not expect plunging home prices to cause a mortgage-backed securities implosion back in 2008, and their models did not anticipate a decline in the price of oil by more than 40 dollars in less than […]

Embedly Powered