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FDIC Fraud

  • 20-10-2010 10:05PM
    #1
    Registered Users, Registered Users 2 Posts: 86,683 ✭✭✭✭




    Pretty layman explanation of the money making scam firms like Goldman Sachs had by wrapping the FDIC around its finger and using smaller bank entities to proxy-buy loans.

    Deep down, on the visceral level, you wish you could just solve the problem with bunker busters. Alas.

    And what pains have been made in Washington to reform this issue? Im dying to know. But I don't want this to become a Partisan thread.


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