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From The Market Ticker:
    Iceland: Now Finish The Job

The bankers, with superior knowledge and all their grand mathematical models, took a bet.

The bet was that they could intentionally make bad loans and intentionally fail to disclose risks, and if the bet turned out poorly the people, who did not consent to be stooges, would bail them out.

Iceland's people have said no.

by xurxo on Mon Mar 8th, 2010 at 07:13:28 AM EST
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