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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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  • Friday, August 17, 2007 06:26 AM

    George W. Bush is President and All Is Not Well

    How much does a barrel of oil cost? $75. or so

    Who was the first SEC chairman that Bush appointed in August 2001 ? Harvey Pitt, one time Enron lawyer

    What Secretary of the Treasury got fired by Bush because he complained about too much government debt? Paul O'Neill

    What sitting Vice-President refused to part with his 444,000 Halliburton stock options?Dick Cheney

    And by the way, Halliburton is the largest government contractor in Iraq.

    Remember the line out of this corrupt Administration:"Reagan proved that the size of government debt doesn't matter. "

    Is there a pattern here ?

    Thank You, Mr. Leonard, for an excellent article.

    —Ron Smith Read Ron Smith's other letters

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