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I am pretty sure that was implicit in my comment. I have read the Lewis piece, which is a great way to get an overview from the perspective of the half-dozen fo
by byrneseyeview 18y ago
I am pretty sure that was implicit in my comment. I have read the Lewis piece, which is a great way to get an overview from the perspective of the half-dozen folks willing to give Lewis an interview. I'm not saying that this was entirely due to government intervention -- just that the giant tax incentives, aggressive government market manipulation, and $100B+ portfolios long mortgages and short puts created by government agencies.