acb
the gfc came about through de-regulation of the banking industry, actively lobbied for, and obtained by wall st, which allowed them to run amok.
not regulatory intervention.
the ratings agencies also have a case to answer.
the debt here remains at about 7% of gdp.
I wish my mortgage was at 7% of my gross income
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- my prediction 26/5/2011
my prediction 26/5/2011, page-33
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