From the OC Register:
In the wake of the global financial crisis in 2007-08, financial commentators, policymakers and investors have sought an explanation of what caused the collapse — and with it, ideas for how to protect markets in the future. Many have pointed fingers at complex financial products known as derivatives, and specifically at contracts known as collateralized debt obligations… James Owen Weatherall is assistant professor of logic and philosophy of science at UC Irvine and the author of New York Times best-seller "The Physics of Wall Street."

For the full story, please visit http://www.ocregister.com/articles/derivatives-511016-financial-model.html (online subscription required to view full article).