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A plainmoney guide to the meltdown

Wall Street is going crazy, but how can you make sense of it all? Here is plainmoney.com‘s simplified guide in ten easy steps:

1. It starts with the old-fashioned savings and loan association, like the Bailey Building & Loan in the classic movie It’s a Wonderful Life. That savings and loan association would accept deposits from people, loan them out on mortgages, and all was well. (Stay with me; this is going to be easier than you think.)