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Explain then what difference does it make whether the CDOs are structured or not - we know the entire pool of loans is connected to the Spanish economy.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Thu Oct 9th, 2008 at 03:46:07 AM EST
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