Hey, Amos' link is a pretty brief article - only 15 pages pasted into my Word (after I cleaned out the 13 pages of extraneous links and other trash).

It is the first clear(?) explanation that I've seen about some of the details of how the "sophisticated new trading packages" actually were supposed to work.

I take the absence of clarity and detail in other articles as an indication that other writers don't understand them any better than the garbage-mongers who were buying and selling them. Mr. Lewis seems to have it reasonably untangled.

Even though it's fairly long, it is an "easy read" if you don't stop to reflect too much about how incredibly stupid (or just phenomenally greedy) the entire market industry was, leading up to the meltdown.

John