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Comment by Powell Gammill
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Fortunately, this speculation was guaranteed by the federal government, so these investors were never at risk of losing any money. Pity, they would have reaped all the rewards for their courageous manipulation of $670 Million in tangible assets into $21.7 Billion of paper wealth. It won't cost the taxpayers a dime. It will cost them 150,000,000,000 dimes.


Comment by Powell Gammill
Entered on:
Good catch Mike.

I forgot the Bush family connection to the Carlyle Group:
http://en.wikipedia.org/wiki/Carlyle_Group#Controversy

http://www.hereinreality.com/carlyle.html

http://www.informationclearinghouse.info/article3308.htm


Comment by Powell Gammill
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OK, I meant Jack.


Comment by Powell Gammill
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Here is more coverage on this huge story:

http://agonist.org/numerian/20080306/bush_family_piggy_bank_receives_default_notice

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