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IPFS News Link • Economy - Economics USA

Stupidity Bites Hard: Christopher Dodd and Barney Frank

07-11-2009 • Market-ticker.denninger.net

As I have pointed out in The Ticker previously, we're carrying huge books of loans at or very close to "par" - that is, 100 cents on the dollar, despite the fact that when these things trade at all nowadays they are trading for pennies...

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