As I said last October, all the money in the world can be poured into the banks, and it won't matter.
Here's a nice little article on the burndown of the CDO "market". We all like to pretend that there are markets, don't we? Otherwise, how can they be free?
We watch them, we watch us, Suckers of the Western World, losing all our cargo to magic. Magic. Magic.
A Note About Responsibility - Law-makers are responsible for the laws they make, and support, and do not repeal. They are responsible for the intended effects of their legislation, also...
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