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To: tejek who wrote (285186)10/20/2010 4:41:30 PM
From: patron_anejo_por_favorRespond to of 306849
 
If that was the goal, they should have been taking into receivership immediately. Problem solved and at far less risk to the taxpayer and incalculably less moral hazard.

Here's one contemporaneous view of it (recorded first week of October, 2008) that rather eloquently explains the above:

thislife.org

No 20-20 hindsight.....



To: tejek who wrote (285186)10/20/2010 5:08:53 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
The goal was to keep the bankers in their executive suites (and by extension, their political puppets as well). Mission accomplished.


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