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Never assume malice when you can assume incompetence.

Though when you see things like Goldman Sachs advising the British Government on what to do about Northern Rock, it is definitely a case of foxes guarding the henhouse.

We have met the enemy, and he is us — Pogo

by Migeru (migeru at eurotrib dot com) on Wed Dec 26th, 2007 at 05:20:50 AM EST
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knew exactly what it was doing, took precautions to disguise its activities and made preparations to cash out of the scam before it exploded.   (This cannot be done by accident, and it certainly wasn't incompetence.)

I know, not malice, just business.  Same thing.  

And your economics does not model it.  

The Fates are kind.

by Gaianne on Wed Dec 26th, 2007 at 07:33:13 AM EST
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