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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 12:51 AM

    Every 20 years?

    I'd like to see a law requiring every mortgage broker to pay

    back their commission, plus expenses, for each failed loan.

    When a car dealership makes bad decisions, they go out of business, so what.

    But when so called respected institutions(banks), get into trouble, it's time for a taxpayer bailout. Even an idiot like me saw this coming from the beginning. Banks are fully responsible for this, and they deserve to eat shit and go to jail. Banks like these, that ignored common sense, don't have the balls to take it on the chin; sort of like a whining car dealer if I may say so. Can someone tell me, why do these large scale financial bloodlettings always seem to happen on a republican watch?

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