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show at least two financial tools that were heavily used by Wall Street before 2008 but finally magnified our losses during the crisis? (For example,
show at least two financial tools that were heavily used by Wall Street before 2008 but finally magnified our losses during the crisis? (For example, CDOs, CDS, and etc.) Please illustrate the basic idea of these tools (how did they work and being traded, what are the entities get involved in these tools, and etc.) and also why these tools lead the market into a severe collapse.
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