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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.35+0.7%Nov 18 4:00 PM EST
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To: Maurice Winn who wrote (114749)12/14/2015 4:29:47 PM
From: ggersh  Read Replies (2) of 217867
 
The banking system failed.....

House owners lost peanuts compared to what the banks got hit for,
house price avg. $250K maybe 10 mil houses couldn't pay, that has
to be extremely liberal the banks leveraged all that at at least 40x1
where was the skin again, in the banks derivatives as to which they had
no clue what bank had what risk?

Nobody forced people to buy houses, but then again no one forced the banks
to make shitty loans......as a businessman who got it wrong, buyers or sellers?

You'd loan me a million bucks cause you know me on SI?

Speculation is a zero sum game only in the numbers of winners and losers, but not
in the amounts won and lost, some winners win more than losers lose and vice versa.

ggersh
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