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"The Bundesbank and the Spanish central bank have done about as good a job as can be done under the circumstances. The examples you pull out are due to the insane market fundies in our parliaments more than the regulators."

Snort. Look up "regulatory arbitrage" and "europe" in a search engine.

by rootless2 on Sun Dec 20th, 2009 at 02:44:55 PM EST
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