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  Page: How Wall Street's Scam Artists Turned Home Mortgages Into Economic WMDs | Corporate Accountability and WorkPlace | AlterNet

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  That's where "derivatives" come in. These instruments, which Warren Buffet called "the real Weapons of Mass Destruction," are "worth" about $500 trillion, or roughly 10 times the output of the global economy.
  This article is an effective rebuttal of the suggestion that the current financial crisis is the result of liberals pushing homeownership.
  

  Suzie (10) Sat Oct 18 15:02:58 +0000 2008