Excess liquidity over the past decade is probably the main reason for the on-going and worsening derivatives meltdown worldwide. There was too much money chasing too many quality deals worldwide as well.

In addition, bank and Wall Street regulations were almost non-existent partly due to the repealing of The Glass-Steagall Act which had been in place since after end of The Great Depression (1929 - 1939). Glass-Steagall kept banks, insurance companies, and Wall Street investment firms separate in order the keep the financial markets healthy.

Once Glass-Steagall was repealed, the same firms (i.e. JP Morgan Chase, Citibank, Wells Fargo, etc.) were allowed to offer banking, insurance, and investment banking services. The once protective "divider" of potential financial implosions occuring simulataneously in insurance, banking, and Wall Street were sadly removed once Glass-Steagall was voided. This, in turn, increased the likelihood of a "daisy-chain" financial "house of cards" potentially hurting the banking, insurance, and Wall Street industries at the same time.

Also, the bond ratings agencies (i.e. S & P, Moody's, etc.) provided absurd AAA ratings for sub-prime and prime mortgage bonds leveraged up to 100%. These high credit ratings (AAA is the equivalent of a U.S. Treasury Bond - considered the safest investment in the world) were improperly given to these risky prime and sub-prime mortgage pools.

These AAA ratings attracted investors from around the world to buy this mortgage paper which later ended up being almost worthless. Many European, Asian, and American investors believed that the risks were "minimal" in the mortgage pools since they were rated as AAA. Also, the high rates and yields offered (8%+) were very attractive to individuals, hedge and private equity funds, mutual funds, and even governments around the world.

As few independent firms now remain on Wall Street since the financial implosion last September (2008) as well as far back as August 2007 (the "official" start of The Credit Crisis), we now are in the midst of the traditionally "scary" Wall Street months of September and October (traditionally the 2 worst months on Wall Street).

As the S & P 500 index is up an insane 70% over the past 7 months during this on-going worldwide depression, I suggest that investors consider taking their phantom gains now before the Wall Street meltdown begins literally any day.

We can offer foreclosure investments for literally cents on the dollar as an alternative investment option. For more information, please contact me through this same website.