``I must give him his due. He has considerably cretinized me.'' Lautréamont

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Tuesday, August 07, 2007

Pensions and the Mortgage Mess (NYT)

investments too complicated for newspaper editors

Even as the plunge continues in investments tied to dicey mortgages, government regulators remain skeptical of the need for new rules to cover these newfangled derivative products or the hedge funds that tend to buy them.


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