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Really good commentary

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Where does this leave us? Surely the Fed that provided the fuel for reckless behavior cannot solve the problem by providing fuel for more reckless behavior. Surely big institutions that recklessly bundled substandard loans should not be given immunity from their actions while the little guy loses his home. Actions such as those don’t restore confidence; they destroy confidence.”

This is the definition of a credit bubble.

Thanks Barry Brownstein from

Franklin @ August 20, 2007

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