> And? Its not my debt.

For the moment.

There are several ways that ordinary investors and even simple pension holders could end up stuck with the downside of this.

The debt risk hidden in CDOs wasn't your debt either but if you had a pension plan, the crisis absolutely cost you money you would have earned, and in many cases pension fund values dropped by five to ten per cent within a year.

The SPV/CDO comparison being made is by no means exact, but hidden debt at this scale surprising analysts tends to cause problems. If more institutions are severely exposed than anyone thought, it is bad.

Especially since any success strategy is predicated on literally unbelievably rosy predictions.