An Amateur's Weapon of Mass Destruction

Thankfully, plots to hurt civilians have been uncommon in the US. Unfortunately, its fear-inducing replacement isn’t much better… a warped willingness to plant “financial weapons of mass destruction,” as Warren Buffett famously described derivatives, that we’ve seen leave unprecedented economic damage in their wake.

Derivatives exploded, unleashed their destructive forces, and thrashed the market. Only misguided government intervention has briefly, but falsely, stabilized situation. It’s a temporary fix… to a problem that’s going to crop up again.

The Daily Reckoning