past executives from meltdown firm aig are the guests of honor today. the president s financial crisis commission wants to know all about those super risky derivatives at the heart of the collapse. the cnn money team is all over this. christine romans is covering this story. christine, let s start with something of an explainer. what s a derivative? what is a derivative? oh, tony. please. derivative is at the heart of this whole mess we have ourselves in, and the derivative we re talking about here, it s not like a stock, something that s a shared company that you can buy and sell. and you re buying and selling actual stake in the company. this is this is a derivative of a stake in a company. or a stake in a certain financial instrument. it is basically a bet. a contract between two people. of if something goes up, i ll pay you this, if something goes down, i ll take this or pay you this. so these derivatives got so complicated tony, and were the heart of the insurance and banking
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