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Joined on 10/1/2011

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So will this guy get  a "Darwin" award?
4/27/2013
Smart SpendingCOMMENT

Buh-bye, Bank of America?

The lack of liquidity was a major factor in the 2008 financial crisis. Most banks or mortgage lenders relied too much on the idea of insurance to offset the systemic risk. The reason lenders did so many housing loans was they believed if the small percent who would default, they would still have AIG backing them. Probl...more
10/1/2011
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