I’ve said here that no one should feel bad about not understanding the recent credit meltdown, since the people who are supposed to understand it don’t either. That’s not exactly true, as I’d guessed any discerning reader would realize, but the voices of reason have long been drowned out by the shouts of those who made a lot of money off of money. Those guys are kind of glum and silent now, so we can hear the quieter voices of reason a lot more clearly.

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