businessinsider.com - 3/6/2009
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metldown_tbi.jpg Why can't the government find the right way to bail out the financial system and the housing market? Historian Tom Woods has a provacative answer: it's a fruitless war against reality. No matter what steps we take, prices will fall to their market levels. What's worse, all the ...
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Write-Offs: 03.06.09
Dealbreaker —
$$$ The Bank of England speaks: This is 'not Zimbabwe' [FT Alphaville]
$$$ Bailouts Are A War Against Reality [Clusterstock]
$$$ Job of the Week: Macquarie needs a risk director. That could be you. [DBCC]
THE FINTAG NEWSLETTER @ 09 March 2009
FiNTAG - Hedge Fund News, Views, Opinions and Gossip —
... keep alive to ensure capitalism survives. Insurance companies accept cash for risk and pay out if the risk comes true. In the middle they play with the premiums by backing horses and writing structured products for Goldman Sachs. AIG was a ponzi scheme. So Madoff is in prison and AIG is free and being looked after nicely by the state? new york times says " A.I.G., Where Taxpayers' Dollars Go to Die " BAILOUTS ARE A WAR AGAINST REALITY business insider ...
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