This is not the S&L Crisis?
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, July 22, 2008
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2 comments:
Yes, which is Paulson-speak for "This is exactly the same as the S&L crisis."
It's not... Savings and loans did not have fdic.... and ... most the loans are in CDO's
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