The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the sec doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class americans who can't pay their debts. the smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.
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