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Non-Tech : Banks--- Betting on the recovery
WFC 96.390.0%Jan 6 3:59 PM EST
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To: Road Walker who wrote (778)4/14/2010 11:10:32 AM
From: tejek   of 1428
 
After all, banks decided to be 'aggressive' in ways they have never done previously.

... because they could with the derivatives. They played a key role.

I am not denying that that's part of it but it went deeper than that. There was very little regulation going on so they thought they could get away with their stunts and they did for quite a while until the house of cards came tumbling down.
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