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Unfortunately, the panic was in large part caused by secrecy, as people realized that many "money good" assets had actually been losing value for over a year, a
by Daniel_Newby 18y ago
Unfortunately, the panic was in large part caused by secrecy, as people realized that many "money good" assets had actually been losing value for over a year, and that the government had been colluding to try to keep anyone from ever finding out.
Look up "level 3 assets".