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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. ↗
By virtue of some of the ways the game is played, in terms of message discipline, in terms of access for reporters, and especially in the way that sources and subjects, especially famous subjects, treat the media, almost by default there's more news that's falling into books. ↗
