Gonzalo Lira: "The Sequel": How 2011 Is A Repeat of 2008

``... just like in 2008, the derivatives market is so opaque that we are not going to know who's going to go bust until it actually happens... In other words, Tiny Timmy and Bailout Benny never implemented the one lesson learned from 2008: Make the markets transparent, so that you can see where the crisis is coming from before it falls on top of your head. ''