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You'd worked hard and been able to put money into a loan that helped inflate the perceived value of a tranche of paper against the derivatives purchased by a Bahamian SIV and hedged with CDSs issued by companies that had no assets to pay in case of default, all wrapped through some tax avoidance fronts in Antigua?  That would be a real social value.
by rootless2 on Fri May 8th, 2009 at 08:33:54 AM EST

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