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Writing down those loans will at once set the stage for actual recovery and reduce to size those who made the bad loans. Not a bad outcome, nor does it preclude heads on spikes.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Wed Jul 20th, 2011 at 09:13:03 AM EST
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