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If they were underwater in 2010, they would lose nothing by making that bet. You can only go bankrupt once - there is no such thing as "double-plus insolvent."

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri May 20th, 2011 at 12:34:26 PM EST
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