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Hiding behind the complexities of our financial system, banks and other institutions are being accused of fraud and deception, with Goldman Sachs just the latest in the spotlight. This has become the most pressing election issue of all
WRH's Commentary:
ENRON showed the way. Ever since, the path to great fortunes has been to create a bubble, ride it up, bail out at the top, and let the people absorb the losses. It worked for California's electricity it worked for mortgage backed securities, it is working so far for health care, and is about to start up with carbon dioxide and green technology!
Of course, what nobody was considering is what happens when the people can no longer come up with more money to cover those losses.
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