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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.

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  • Friday, August 17, 2007 01:33 AM

    @Russ Allber, a better word than betting or gambling

    F R A U D!!!!!

    Even though I’m sure that these clever scam artists have had plenty of wealthy lawyers help them cover their tracks, there has to be a lot of fraud involved with this whole mess. I’m not nearly informed enough to tell you the specifics although one small and simple example would be the Internet companies that helped lone applicants prove jobs and income that didn’t exist including even pretending to be the employer.

    The Securities and Exchange Commission needs to do a full investigation and Congress needs to hold a lot of hearings and make these poor excuses for humans testify to their obscene role.

    F R A U D!!!!!

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