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Politics : View from the Center and Left

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To: Dale Baker who wrote (105152)	2/28/2009 12:58:59 PM
From: Sam	Read Replies (1) of 540882

What is amazing to me is that these Ayn Rand people think that the government is to blame for this (especially of course Frank and Dodd via FRE and FNM), and fail to see that the Big Investment Banks (counting companies like AIG as a "Big Investment Bank," as well as the investment bank arms of the commercial banks) were the active culprits, even in an ideal Rand sense. The govt is the enabler culprit, for sure, and allowed this fiasco to happen, but the ones who actually did it were the guys like AIG's Cassano in London (fittingly an alum of Drexel Burnham--man, that company spawned an incredible number of frauds!). Who, admittedly, couldn't have done what he did without a lot of other enablers and participants who went along with his money-making schemes.

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