Colonel Parker asked Henry and me to come to Elvis' suite and have breakfast. There were at least five policemen stationed up there. He was talking on the telephone.
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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.