I wrote a really long (and potentially award-winning) post about this two nights ago that got lost in the vapors of the Interverse. I was crushed to the point that I can’t bring myself to re-write it.
Here’s a link to one of the articles I used for research. It gets the point across in a much less humorous way than I did…
FINANCIAL WMDs — The Bet That Blew Up Wall Street – Capital Gold Group, Inc..

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