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Swan song for Fannie; eulogy for the ‘ownership society'

the-peoples-forum.com — Fed's rescue plan is a scattershot approach that doesn ’t address the source of the problem: an unregulated, unsustainable structured finance system that emerged in full-force after 2000 & spawned a shadow banking system that creates trillions of dollars of credit w/o sufficient capital reserves. This is the heart of the problem; it needs debate.

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