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Aug 28 2006 debate between Art Laffer and Peter S.
Art is all wet in his analysis
Art is all wet in his analysis
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Last edited by Rajiv; August 03, 2008, 11:58 AM. -
Re: Top 5 US Banks Hold 98% of $135 Trillion of Interest & Credit Derivatives
makes total sense. Dump all this toxic risk onto banks Too Big To Fail. The ideal counterparty with unlimited solvency guarantees.
Remember good bank/bad bank? The good bank is rescued and their bad loans are put into a bad bank.
The largest banks in the US are all bad banks. Unfortunately, it's moral hazard ad infinitum. Shocking how this has continued even through this year after the credit crunch started August 2007. But it makes sense because the Fed will never allow these banks to fail so why not pile it on? -
Re: Top 5 US Banks Hold 98% of $135 Trillion of Interest & Credit Derivatives
TESTING ... What is Peter << Mega's best friend >> saying here?
Jesus. Haven't the editors desisted from this silly name-prank yet?Comment
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