Can't understand Wall Street's problem?
Neither can the New York Times's economics reporter: "Can't Grasp Credit Crisis? Join the Club".
"Liquidity puts"?
(Link via Marginal Revolution.)
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March 20, 2008
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It is apparently very hard for some (many?) to believe, but humans in general are a greedy, amoral, unthinking bunch. Give them a chance and they'll make really big mistakes.
Posted by: JorgXMcKie | March 20, 2008 at 07:28 PM