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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Paul Kern who wrote (94304)5/15/2008 10:02:07 PM
From: bela_ghoulashi   of 110194
 
``But I'd also say that providing a public backstop to an inherently risky business that is not required to backstop itself is a tough sell for taxpayers.''

Rhetorically speaking, yes.

In theory, yes.

In reality, most taxpayers in this country have little or no clue what is even happening.

So in practice, nobody has to even bother trying sell it to them at all. Just do it. Only a few of them will ever notice.
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