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http://www.mcalvany.com/podcast/?cat=1
A good interview with Hernando de Soto
Thoughts?
If Hernando is right, once the public is pissed off enough the U.S gov has to stop stealing away public money, of which the public doesn't get any back. Is the rest of the toxic paper written off as losses for the lenders? The lenders that stole enough and have less exposure stay in the game? Are current levels of theft enough for the Poom in KaPoom?
Dan
A good interview with Hernando de Soto
Thoughts?
If Hernando is right, once the public is pissed off enough the U.S gov has to stop stealing away public money, of which the public doesn't get any back. Is the rest of the toxic paper written off as losses for the lenders? The lenders that stole enough and have less exposure stay in the game? Are current levels of theft enough for the Poom in KaPoom?
Dan