NEW YORK (CNN/Money) – In the summer blockbuster “War of the Worlds,” ordinary Americans are forced to run for their lives when alien invaders wreak havoc on their planet.
What the victims didn’t know was that the seeds for the attack had been germinating beneath their feet for years.
While that was a movie, some financial regulators fear that a less dramatic but similar scenario could be developing in the nation’s financial markets.
Their target? Two key segments of the markets — hedge funds and credit derivatives — that have been mostly invisible to many ordinary investors but have grown to massive proportions in recent years
