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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 11:11 AM

    Great article!

    This is one of the best articles I've read in years. It succinctly describes some very important, complex and troubling economic issues. The use of the Super Bowl metaphor in explaining a substantial part of cause and effect in the “real” and “unreal” economies is perfect. The issue of transparency is one for concern on most all fronts, it is unlikely you can truly establish accountability and responsibility without transparency. This lack of openness; compounded by unnecessary complexities, results in little to none transparency, resulting in no real oversight, resulting in systems breaking down and no one held accountable. When the pendulum swings ....where will we be?

    Bob K

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