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Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them. ↗
The American Dream is a phrase we'll have to wrestle with all of our lives. It means a lot of things to different people. I think we're redefining it now. ↗
