They're sheep. They like Bush enough to credit him with saving the nation after 9/11. Three thousand people get killed, and everybody thinks they're next on the list. The president comes along, and he's got his six-guns strapped on, and people think he's going to save them.
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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.