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I'm reading it as the critical test of the US as a viable political entity.
I am seeing friends of friends on Facebook claiming that it has been shown convincingly that the crisis is all the fault of the government for forcing banks to give mortgages to minorities.

I'm assuming the number of people who believe this stuff is of the order of those who believe Obama is a Nigerian-born Socialist bent on installing death panels. Which is about 30% of the voting public by some accounts.

Boy, are they fucked as a viable political entity.

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Wed Oct 13th, 2010 at 07:23:08 PM EST
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