Reprisals were blind and absolute: the village of Lidice, near Prague, mistakenly thought by the Nazis to have some connection with the parachutists, was burned to theground, and nearly every one of its inhabitants was shot or sent to a concentration camp.
The reasons why such financial instruments have received such a pasting in recent years is because many of the managers using them did not understand their mechanics, nor did they run a risk profile that had any connection with feet on theground reality.
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