I guess it depends on your definition. It would seem that, from a layman's perspective, ETFs and ABSs are both derivatives. If we look at GGP's comment > Buy u

I guess it depends on your definition. It would seem that, from a layman's perspective, ETFs and ABSs are both derivatives. If we look at GGP's comment > Buy up crap, package and obfuscate it, then sell it off as "high quality" crap to investors desperate for yield.