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Politics : Mainstream Politics and Economics
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To: Bearcatbob who wrote (6227)12/23/2011 11:03:17 PM
From: Win Smith1 Recommendation  Read Replies (4) of 85487
 
Did Barney Frank invent CDOs? Did Barney Frank do all the slice and dice securitization of mortgages that miraculously turned low grade debt into high grade? Did Barney Frank collude in that operation by giving the purveyors of said slice-and-dice crap the bond ratings they desired? Did Barney Frank personally tell Bear Stearns and Lehman Brothers to invest their capital in this crap? If so, he really is a master of the universe, doing his handiwork through a hand far more invisible than Adam Smith could ever have conceived.

Or maybe Barney Frank is just a scapegoat for the propaganda arm of the Republican party. That would be too simple though. Barney Frank, secret master of the universe, makes a lot more sense.
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