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Tuesday, June 26, 2012

FRONTLINE: Money, Power, Wall Street

How strong is your stomach? Learn how credit-deafult-swaps were created and used. Traunches = pools equity of the same risk level. Derivatives = bets, synthetic collateralized debt obligations (CDOs), Blind Short-Selling - betting against the market on credit.

The secret to good leadership is learning from our mistakes, those who don't understand history are doomed to repeat it. Those who don't understand market economies are doomed to be defrauded.

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