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2010-05-04 — ml-implode.com
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Come back to 6th Grade where I’ll be teaching real 6th graders all about what the banks did to break the world. We’re going to cover the Bond Market and Securitization, CDOs and CDSs… and even Synthetics and CDOs squared. No derivative is too complex for me to tear apart and make simple enough for a 5th or 6th grader to understand.''
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