The subprime crisis was purely a Wall Street invention. Nobody seemed to care that most of them could never be repaid; the focus was just on the fees. It’s not much different from what happened with the infamous “investment trusts” that National City and other big banks were flogging in the late 1920s.
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In this Blog I will discuss Life the Universe and Everything, and maybe even Prairie Home Companion.
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11-5-2024
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