In the beginning, the Universe was created/ hatched from the Multiverse/bootstrapped itself into existence.Eons later, on a puny planet circling an in significant yellow star in the outskirts of one of hundreds of billions of galaxies, arose a race of ape descended life forms so primitive that they thought digital watches were a neat idea. As if that wasn't bad enough, they then thought it would be even cooler to trade trillions of dollars worth of dodgy financial securities called credit derivatives.
As a result, we (Ooops! They are Us!) find ourselves in the biggest financial crisis since the Great Depression.Being one of the ape descended life forms involved in the trading of these instruments- albeit, in a fairly minor capacity - I decided to write a little piece summarizing the reason for the current debacle in what I hope is a sufficiently intelligent-layman-friendly fashion.
Keep visiting my blog, as I shall shortly come back with the entire story.
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