"...we all thought we were taking risks, for big profits, but also thought someone would come in to bail us out if there was a problem."
Where is the risk?
Ok, what about the people that thought they were not taking risks by buying property and investing in their community?
Senator Dodd said, "We have privatized wealth and socialized debt."
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Mayor Blumberg on Meet The Press
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Jim O'Bryan
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Mayor Blumberg on Meet The Press
Jim O'Bryan
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"The very act of observing disturbs the system."
Werner Heisenberg
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"The very act of observing disturbs the system."
Werner Heisenberg
"If anything I've said seems useful to you, I'm glad.
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His Holiness The Dalai Lama
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ryan costa
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explanation
kevin phillips explains:
the finance industry unshackled itself from itself from the purpose of existing to facilitate manufacturing and production. the result is a temporary bloom in finance jobs for harvard grads, and the deterioration of most other sectors:
http://www.pbs.org/moyers/journal/09192008/profile.html
Free enterprise for the poor, socialism for the rich:
http://www.irishtimes.com/newspaper/opi ... tml?via=mr
the finance industry unshackled itself from itself from the purpose of existing to facilitate manufacturing and production. the result is a temporary bloom in finance jobs for harvard grads, and the deterioration of most other sectors:
http://www.pbs.org/moyers/journal/09192008/profile.html
Free enterprise for the poor, socialism for the rich:
http://www.irishtimes.com/newspaper/opi ... tml?via=mr
"Is this flummery” — Archie Goodwin