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

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  •  I see (0+ / 0-)

    Oh, I see - lets do nothing since the idiots who bought these things should have known better.

    •  If you have a pension or other investment (0+ / 0-)

      then chances are that you are also one of the 'idiots' who bought these things.

      Who said anything about doing nothing? To fix something you have to understand what went wrong in the first place. Failure to do so may be a 'fix' that makes things even worse.

      This diary goes a long way in understanding how the mess was created in the first place.

      BTW, the mortgage backed securities were about the closest thing to real asset backed paper you can get.

      I agree that investment into real production is better. The problem is that you can make ten times more money in one day in paper investments than you can in a manufacturing company over one year.

      What's your fix?

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