As usual Brin is spot on and worth the read
http://davidbrin.blogspot.com/2008/09/scary-stuff-political-lamp-is-lit.html
Below a link to Russ Daggats Blog (daggat blog) for Sept 23, 2008 in it he includes a letter to Berkshire Hathaway shareholders from Warren Buffet from 2002. It describes the "derivatives and the trading activities that go with them: We view them as time bombs, both for the parties that deal in them and the economic system."
http://daggatt.blogspot.com/2008/09/financial-weapons-of-mass-destruction.html prescient
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