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View Diary: The Bush Tax cuts CAUSED the economic crisis (149 comments)

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  •  Wall Street doesn't deal in cash (0+ / 0-)

    They deal in leverage, which can be a LOT larger than the liquid cash that anyone has on hand. When they deal in cash, it's from the small investors they see as suckers.

    If bin Laden owned an oil company, [the GOP would] be wearing long beards and shooting at US troops in Afghanistan.-Geekesque

    by Dr Squid on Thu Sep 16, 2010 at 11:09:17 AM PDT

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    •  how do people get extended credit? (0+ / 0-)

      by having more cash on hand?
      thats my understanding of it

      •  No, by being more bankrupt.... (1+ / 0-)
        Recommended by:
        Noamjunior

        Wall Street is totally demented about credit ratings.  It's much easier to get credit if you have no source of income and no assets, god only knows why.

        But the fact is that cash does have an effect, through the intermediary of mutual funds.

        -5.63, -8.10. Learn about Duverger's Law.

        by neroden on Thu Sep 16, 2010 at 12:17:38 PM PDT

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