As another article recently linked from HN pointed out, even if you can get a basic understanding of CDOs and credit default swaps in a few hours, if you went t

As another article recently linked from HN pointed out, even if you can get a basic understanding of CDOs and credit default swaps in a few hours, if you went to actually invest in one of the things, the legal documents defining your actual relationship with your counterparty were hundreds of pages long and filled with jargon.