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yeah instead of letting a few businesses fail let the whole economy take a stab in the gut. great idea. these people got themselves into this with the same re
by nazgulnarsil 19y ago
yeah instead of letting a few businesses fail let the whole economy take a stab in the gut. great idea.
these people got themselves into this with the same retarded thing humans always do: assume things will stay the same.
in this case the derivatives they were using as securities had a blip because foreign investors got cold feet. guess what? when you over leverage your securities and those securities dip it has a disproportionate impact!