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Posted by: Radiofreeeuropa 1 year ago
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Radiofreeeuropa1 year ago
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A reckless monetary policy, and the reckless disregard for prudence throughout the lending industry. We had the biggest housing and mortgage bubble in the history of the U.S.
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Remarkably irresponsible plain old dumb lending and asset inflation in the leveraged buyout business, in the commercial real estate arena, and in the emerging markets.
Bailing out the people who did this simply insures their idiocy will prevail in the future. That there are no consequences for acting foolishly. It is all insane.
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