> See, this always worried me. How do you buy insurance against rising interest rates? Or more precisely, WHERE to you buy insurance against rising rates? You

> See, this always worried me. How do you buy insurance against rising interest rates? Or more precisely, WHERE to you buy insurance against rising rates? You buy what’s called an interest rate swap. And yes, there is always counterparty risk. But that doesn’t mean you can throw your hands in the air and say “risk management isn’t important because you can never fully remove counterparty risk.” And in the cases of the insolvent banks, it’s not like they did everything in their power to reduce risk. They didn’t. I’m not against having the government support the banks. But I think that, if a bank needs government support, then it should give up its equity to the government to get it.