Experts say that Iraq may have nuclear weapons. That's bad news - they may have a nuclear bomb. Now the good news is that they have to drop it with a camel.
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Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them.