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I'm backing another commenter who says the rule for permitting a particular investment should be simple: If the regulator doesn't understand it, it doesn't fly.

Also, if an untrained intern has difficulty understanding the asset, it shouldn't qualify as collateral at the discount window.

- Migeru

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Mar 12th, 2012 at 03:30:27 AM EST

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