Devilstower at DailyKos has a long but informative post up about credit default swaps and how they made the financial markets explode, spawned by the current GOP spin trying to pin the crisis on anyone but themselves. Go read it.
Sunday, November 16, 2008
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I posted this back in the thread - it attracted enough attention to have parts 3 and 4 debunked so far. It's a bit late after the post cycle - if you have other issues, you should contact Devilstower directly. Perhaps if you posted there on the dkos story itself rather than in some weirdo's pseudonymous blog you might get a better argument.
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