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Judge bans financial jargon from Fabrice Tourre trial

She's instructed lawyers to "have a heart" and stay away from words like 'security,' 'collateral' and 'asset-backed.'

This final note on the way out. We told you yesterday that the trial of former Goldman Sachs trader Fabrice Tourre has started. He’s defending himself against charges he sold mortgage-backed securities he knew were gonna fail.

Hear, hear. And if some of the terms do happen to slip through — we’ve got your back.

Here’s Paddy Hirsch’s Whiteboard primer on all the terms “banned” from the trial.

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