Following the subprime crisis, credit default swaps and mortgage backed securities became highly controversial instruments and their use declined precipitously. In recent years, that trend has reversed with the demand for these products increasing.

Initial Post: Based upon the textbook readings or using your professional experience:

1. Answer the following questions:
   • Is suspicion toward credit default swaps and mortgage backed securities warranted?
   • Are these evil instruments that should be banned permanently?
   • Is there any constructive role for these securities?
2. Find a current event article (please keep the article under 800 words) involving credit default swaps or mortgage backed securities. Post your article to the discussion.