Unfortunately, the panic was in large part *caused* by secrecy, as people realiz...

Daniel_Newby on Feb 10, 2009 | parent | context | favorite | on: How The World Almost Came To An End At 2PM On Sept...

Unfortunately, the panic was in large part caused by secrecy, as people realized that many "money good" assets had actually been losing value for over a year, and that the government had been colluding to try to keep anyone from ever finding out.

Look up "level 3 assets".