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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 08:51 AM

    yes, what happens in Vegas stays in Vegas -- the high rollers expect to get comp'd for their losses ...

    so what else is new ....

    oh, you thought Wall Street wasn't Vegas -- think again.

    Personally, I marvel daily at our accounting failures (and lack of "transparency") regarding billions unaccounted for in Iraq reconstruction funds (your tax dollars vanished)... somehow we even managed to fail to buying friends or influencing anyone much ...

    must refresh memory on definition of "robber barons"

    —susan sunflower Read susan sunflower's other letters

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