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  • How Much Does the Bailout Really Cost? [View article]
    Diracman - what would happen is first a gazillion lawyers would fight it out in every court on earth. Long term, the result is anyone;s guess. This is a new species of problem. Nothing like it has ever been seen before.

    I suspect a very long, very deep recession from which we only recover if and when we permit the destruction of the very concept of level 2 and 3 assets/liabilities opaquely held off the books.

    I'm no economist. But having read researched and written about problem solving, I know that the one essential ingredient in problem solving is to have a crystal clear understanding of what exactly the problem is and its extent. I don't think our "leaders" - the ones supposedly trying to fix this mess - have either.
    Dec 01 08:40 am |Rating: 0 -1
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