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Politics : The Trump Presidency
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To: i-node who wrote (52226)1/14/2018 4:04:26 PM
From: koan1 Recommendation

Recommended By
Mannie

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Nonsense, the 2008 collapse was the result of fraudulent CDO's and CDS we sold to the world. Junk bonds we gave triple AAA ratings and Bush's monitor did nothing about it.

The day it collapsed was the day the banks realized they could not quantify the CDO's value as they were nothing but bundled junk bonds which the bush administration allowed and fraudulent CDS's

So it froze interbank lending!!!!.

Why we gave 183 billion to that one CDS seller no questions asked. They had sold multiple insurance polities for housing and when the mkt collapsed the world's banks were in trouble.

The middle class lost 40% of their wealth in that collapse.

And you call yourself a business person-good lord.
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