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Friday, August 17, 2007 12:00 AM

Panic on Wall Street

You've heard about the home-loan bust, but do you know your derivatives from your tranches? Read Salon's easy guide to understanding the current market freakout.
By Andrew Leonard

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  • Tuesday, August 21, 2007 07:24 AM

    The Ripple Effect

    I totally agree with the previous Anonymous' reasoning.

    This tumoil in the financial industry has a potential to spill over to all the places. When dot com era bust, I feel most of the victims were small investors. This time around, the losers are big financial institutions--the banks, the hedging funds, the mortgage lenders, etc. When they lose or go down, the consequences are much larger and the ripple effect will be felt by more people.

    —Anonymous

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