Originally posted by Robinho
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In actual fact only an economic illiterate would advocate some sort of standard, gold or otherwise (isn't that an Atw saw, case closed).
True the Fed and Clinton interfered in the markets by pushing dodgy mortgages, but in truth it was the packaging of the those mortgages with good ones so that their value was UNTRANSPARENT, and in fact unknoweable, that led to the crisis.
Such a packaged bond would have been illegal prior to 1986.
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