Criticism of the U.S. Bailout Plan, Part 3
September 24, 2008
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“There is only one thing necessary to understanding what is happening and it is this: no one at US banks, no one at the Federal Reserve and no one in politics can accept the reality that real estate assets in this country remain oversupplied, overpriced and overleveraged.” – Greg Newton.
A Nation of Morons, Led by Idiots by Greg Newton is a humorous take on the government’s proposed bailout.
Maybe it’s not so funny.
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