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View Diary: Pres. Obama now favoring big banks on housing finance (31 comments)

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  •  We very clearly need to be having a wide ranging (0+ / 0-)

    discussion on ways to outlaw purely speculative financial behavior, and I'm pessimistic about seeing that day when that actually happens. Speculation builds bubbles, and bursting bubbles can and do take down whole national economies (and more, in this latest example).

    There can be no protection locally if we're content to ignore the fact that there are no controls globally.

    by oldpotsmuggler on Fri Aug 09, 2013 at 11:05:55 AM PDT

    [ Parent ]

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