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The Sideshow — This is from Susie Madrak: Demonstrating the consistent amnesia of our media overlords, I've seen nary a mention of the Orange County CA 1994 bankruptcy that resulted from a hefty investment in derivatives. (You know, like CDOs?) I remember reading a magazine piece (either Harpers or the Atlantic) at the time that illustrated just what time bombs derivative investment could be. It made such an impression on me that a few years later, as a reporter, I lectured some township commissioners who just sat through a presentation by a broker that promised much bigger ...