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View Diary: Scientists *Prove* Toxic Assets are Impossible to Regulate (268 comments)

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  •  I think you should read the diary... (0+ / 0-)

    It points out that "the junk bonds and toxic assets" are "based on sssuch junk theory and false conclusions" that even regulation won't work to protect people.

    "Markets surely are worth whatever anyone will pay anyone esle for anything at the exact time the sale was made."

    What will they be worth after you've bought them? Will your "personal responsibility" at the time of purchase protect you from factors beyond your immediate control in the future?

    Americans need to get beyond "the terrific American understanding of personal reponsibility" and develop some social responsibility.

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