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More On Global Subprime Banking Fallout [Housing Tracker]

It is so frustrating how these colassal events are moving through the recent days and even the people that are talking about it do not understand. The media does have a great responsibility to make these events more clear, make them more understanding. Are the practices of working with derivatives so risky? How are "off book accounting" practices so toxic when the market forces do not comply with the anticipated.