A good lesson on how to get a complicated economic story in the news. Get clothless and do a little twerking!
What I found most interesting in this article was the NYTs lady who said this kind of fraudulent but legal money game goes on every day. It is so ubiquitous there is no sense in reporting it.
And indeed derivatives and credit default swaps are so complicated it brings to mind that famous quote from Homer Simpson,
“The whole reason we have elected officials is so we don’t have to think all the time.”