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I can readily see why the financial institutions would be eager to sell these things.

What I don't see is why anyone would be dumb enough to buy and hold these things.  

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Mon Jul 6th, 2009 at 11:13:42 AM EST
um, because there's a greedy, overcapitalised fool born every minute?

:)

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Jul 7th, 2009 at 04:48:58 AM EST
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