Look under the HOOD of a Derivative= a bunch of mortgages sliced and packaged together+HIDDEN FEES
1. Used Math Models to Project Housing Hyper-Inflation 2003-2006 forward TEN+Years.
2. Add Projected Growth in Fees to Cost of Derivatives-Capturing FUTURE GAINS.
3. SKIM off FEES into Executive/Employee Incomes!
4. Sell FEE Laden High Risk Derivatives as Fake Rated "AAA" Low Risk paper.
Derivative begin life at say 50% of FACE VALUE (projected hyper-inflated future value)
Reason Derivatives are worth Near ZERO after housing dropped less than 50%.
Derivatives should be worth 50% but NO! NEAR ZERO!
Simple Models to STEAL AMERICA'S FUTURE resulted in Hidden “Off-Balance-Sheet” Toxic Derivatives according to 0ffice of Comptroller of Currency, 0CC, quarterly Report: