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- Some Prescient Testimony from the S&L Crisis
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Andrew Leonard at Salon provides some Congressional testimony after the S&L Crisis in “The next time we have Black Monday”Prescient is too mild a word to describe [Stephen] Pizzo’s testimony. I recommend reading it in its entirety, so as to savor the full flavor of his brimstone and fire. But here is a choice excerpt, featuring Pizzo’s prediction as to the likely baleful consequences of allowing commercial banks to play with securities. … A…
Original Source
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5 April, 2008| housingblogs |
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