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To: ModelBreaker
he thing that took that core problem and made it explosive was the bundling of the crappy mortgages into derivatives, taking bad loans and leveraging the heck out of them. That’s probably on Goldman et al.

We're not supposed to point that out. And no "probably" about it.

49 posted on 11/30/2016 10:47:37 AM PST by Wolfie
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To: Wolfie

“We’re not supposed to point that out. And no “probably” about it.”

I was being gentle :)

That said, there’s blame enough to go around. Our elected officials and Goldman et al were both criminally negligent in bringing about the 2009 crisis.

That said, does anyone on the thread have any idea whether the $ amount of derivatives today are less, the same, more or a lot more than they were in 2009?


63 posted on 11/30/2016 11:11:24 AM PST by ModelBreaker
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