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How Wall Street's Scam Artists Turned Home Mortgages Into Economic WMDs

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If the ABCs of the financial meltdown leave your head spinning -- if "default swaps" and "collateralized debt obligations" and "high-rated tranches" are all just so much gobbledygook -- don't worry. You're not alone.

The alphabet soup of exotic investments that represent the immediate cause of the banking mess is so complex that many of those "innovative" financiers responsible for bringing the global economy to the brink of collapse are now making a fortune in consulting fees explaining just what the hell it is that they created.

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{"commentId":3571795,"authorDomain":"chizmarlan"}

I don't have to read the article.I long ago predicted they would do it.BUT has everyone noticed that the "partying-goes-on" for the wall street executives.AFTER receiving taxpayer bailout;they now give the 'middle finger ' to America.PERSONALLY,I would throw the whole bunch of S.O.B.s in jail and throw away the key.LET ME MAKE A WARNING:If the electorate votes that so-called maverick,republican in disguise,John McCain;WE WILL HAVE MORE OF THIS SAME.Republicans have always been the greedy predators of society;and I know what I'm takling about.After 63 yrs. I've seen it all!VOTE STRAIGHT DEMOCRAT!!!!!!!!

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    Reply#1 - Sun Oct 19, 2008 5:07 AM EDT
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