In his book "The Big Short" Michael Lewis revealed that only a handful understood what the mysterious financial time-bombs of CDO's (Subprime Mortgage Bonds) were all about. All the Wall St traders dealers experts gurus incl. Blomberg/CNN/CNBC/Dow Jones, etc.... were merely trading blindly. Even the rating corporations - Moody's, Standard & Poor - were mistaken about these financial bombs waiting to explode.
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