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posted to rec.boats
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First recorded activity by BoatBanter: Feb 2007
Posts: 5,649
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Handicapping Iowa...
On Wed, 02 Jan 2008 14:38:03 -0000, wrote:
On Wed, 02 Jan 2008 05:47:17 -0800, justwaitafrekinminute wrote:
So, what is the difference between a slump and a logical correction?
Does it depend on who is in the Whitehouse??
Perhaps, if Republicans hadn't gutted the Glass-Steagall Act we wouldn't
have had this sub-prime fiasco. But you are right, Clinton did sign the
Gramm-Leach-Bliley Act.
A classic example of public policy gone wrong.
Competition is a great and wonderous thing - it will build bigger,
better and stronger economies. In this case, it produced CDOs and
DIVs which produced the real culprit in the real estate problem which
is the CDO-Squared or CDO-N which is CDO-Cubed, Quad, etc., based on
sub-prime risk which encouraged complex SIVs - yada, yada, yada.
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