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I am shocked at the stupidity presented herein. What lead me to this article was a search on Paul Krugman that turn up this Article:
Jan 12 04:55 am
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All Comments by User 257960 »Sheila Bair - World's Worst Regulator - to Stay at FDIC [View article]
seekingalpha.com/artic...
It is quite obvious that what was presented does not have foresight left alone hindsight.