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The tide went out and there are a lot more people swimming nude than any of us dreamed of, even though we knew for decades the credit and derivative bubble was going to burst.
Dec 12 08:07 am
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All Comments by Prudent Man CFA »Bad News Coming in Bunches, With No Let-Up in Sight [View article]
Evidently, many believed they could sell assets that were only a concept and the debt never had to be paid back were delusional.