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  • Time to Cut Your Exposure to Investment Banking and Mortgages [View article]
    Two words: S&L Crisis.

    en.wikipedia.org/wiki/...

    Over 1,000 S&Ls failed. Total government bailout of $125 billion. Went on for years and years.

    That's the closest thing to what's happening now. Except that this probably cost taxpayers $125 billion just in the last 3 months. This is potentially like, 10x bigger $$ than the S&L bust. Maybe more.

    Let's hope we don't end up with 1,000 companies going down in this one. Because that would mean that it's only just barely begun.
    Mar 10 17:10 pm |Rating: 0 0 |Link to Comment
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