Saturday, March 21, 2009

One would have to be a criminal

commenter at Naked Capitalism:
"It's just a scheme to transfer losses from the bank to the taxpayer with an egregious payout to a middleman (SAC) to effectively money launder the transaction. . . .

How did fraud and money laundering become the national economic policy of the US?

One would have to be a criminal to participate in this."

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