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And holding Credit Default Swaps by people without an insurable interest is not different at all to "betting on financial assets by people who do not own them".

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Tue Mar 31st, 2009 at 03:04:46 PM EST
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