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06-10-2011, 11:37 PM #1
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You Should Be Scared. I'm Scared. You Can't Not Be Scared
Former Bailout Inspector General Neil Barofsky: "You Should Be Scared. I'm Scared. You Can't Not Be Scared. You Can't Look At What Happened In The Run-Up To 2008 and See How It's Not Going to Repeat Itself, Given What We've Done"
Thursday, June 9, 2011
Video: http://www.washingtonsblog.com/2011/06/ ... -neil.html
The former Special Inspector General for TARP also noted that S&P says the next round of bailouts will cost $5 trillion just in up-front costs, and that enormous pressure is being put on Wall Street executives to take giant, company-bankrupting risks.
H/t: Orang
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