Wall Street

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

By Michael Snyder Could 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 … Continue reading →