![]() The real crash, the silent crash, had taken place over the previous year, in bizarre feeder markets where the sun doesn’t shine, and the SEC doesn’t dare, or bother, to tread: the bond and real-estate derivative markets, where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can’t pay their debts. stock market became public knowledge in the fall of 2008, it was already old news. ![]() ![]() Featuring an exclusive audio interview with Michael Lewis
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