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In the unfolding global financial collapse, it is not just our accounts and balance sheets that come up short, but our language as well. What do you call a bunch of liar loans packaged into toxic assets and placed on the balance sheet of the Federal Reserve as collateral for rescue loans? … The Russians actually have a word for precisely the thing that has bewitched us, first accounting for an ever-increasing share of our gross domestic product, and is now responsible for our ever-larger financial black hole.