Welcome To The 300 Club HUB On AGORACOM

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Message: 50 minutes of FRONTLINE that tells it all.

A good documentary but it is a little one sided. The basic premis was that it was lack of regulation of derivatives that caused all the problems.

There was no mention of the government intervention in the market that created the conditions for the derivatives market in the first place.

Fannie, Freddie and the loans to people who could not pay back. The implicit government guarantees for bank losses, etc.

People who have no chance of losing their money are willing to take big risks.

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