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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Lizzie Tudor who wrote (138997)9/28/2008 4:31:33 PM
From: geode00  Read Replies (1) of 173976
 
LET THEM FAIL.

Let the credit markets dry the heck up, let this thing unravel.

THAT's the grown up argument. Having Goldman Sachs go crying to Uncle Paulson who then goes crying to the US Taxpayer for a $85 billion bail out of AIG because GS has been LYING about its exposure is juvenile in your argument.

The industry should GROW THE HECK UP.

Let it fail.

People aren't 'earning' this money, they're 'stealing' it through what has become a huge Ponzi scheme. If this industry can't see that leveraging 1 to 33 to purchase illiquid securities backed by a bubblicious industry is a stupid idea then LET THEM FAIL.

Do you really have respect for the idiots at AIG who put their entire corporation at risk because it couldn't stop chomping at the trough of ridiculously unsustainable profits? Do you?

I don't.

LET THEM FAIL.
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