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On the other hand there are 17 reader comments to the story and they are universally cynical and mostly well-informed about the nature of the subprime "financial innovation".

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Migeru (migeru at eurotrib dot com) on Sat May 10th, 2008 at 06:37:49 PM EST
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