Is it UK’s turn to bring down derivatives market again after Longterm Capital blew up in 1998 and Alan Greenspan came to rescue?

It was Subprime mortgages that took Bear and Stern down in Aug 2007 then market had flash crash and FED came to rescue with $10 billion package. Then came Lehman Brothers in Sept 2008 ……Rest is history.

Thomas Cook Collapses, up to 600,000 Travelers Stranded in Hotel & Airline Chaos, Triggers “Biggest Peacetime Repatriation in UK History”

” And with Fosun unwilling to step up to the plate, the UK government unwilling to intervene, and a clutch of big hedge funds doing everything they could to prevent a last-minute rescue deal so that they could cash in £250 million on credit default swaps, the fate of the world’s oldest travel company was sealed.”

There has been a gigantic spike in trading interest-rate derivatives, and the UK dominates. Read… Interest Rate Derivatives Trading Explodes to $6.5 Trillion per Day

Thomas Cook Collapses, up to 600,000 Travelers Stranded in Hotel & Airline Chaos, Triggers “Biggest Peacetime Repatriation in UK History”