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So tell us then what it was? Good people doing solid work until they were hit by a random black swan event? That’s the official story and it’s absurd.
by paulsutter 8y ago
So tell us then what it was? Good people doing solid work until they were hit by a random black swan event? That’s the official story and it’s absurd.
- kbenson 8y agoI think the implication is that there were multiple causes from multiple sides, all to varying degrees of culpability. In other words, bond ratings may not be the cause, but still be a cause.