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were the authors.  (I did not credit Einhorn on the original post.)

Also, the entire essay is actually divided into two parts (I quoted from both above):

The End of the Financial World as We Know It

How to Repair a Broken Financial World

Truth unfolds in time through a communal process.

by marco (cowannar at gmail punkt com) on Sun Jan 4th, 2009 at 04:17:05 PM EST
[ Parent ]
It's great, I was just going to post it myself.

It really shows that the Wall Street people are such thiefs.

It's not hard to compare the current crisis management with the one we had in Sweden back in 1992, and the main difference is: patriotism. Or rather the lack of it.

The regulators and bankers in the US quite clearly don't care about America. They put the special interests of the financial lobby in front of everything else. The FED doesn't care the least about unemployment, inflation or financial stability. Only about stock prices.

In Sweden, the bank CEO's and the public officials all knew each other and solely worked in the interest of the public.

I'm really quite shocked by the behaviour of the US elite. They are a bunch of thiefs who do not put their country first.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Mon Jan 5th, 2009 at 01:44:31 AM EST
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