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by photonerd
1081 days ago
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Right, I wasn’t saying it was a current vehicle, nor trying to bolster the 6x claim. I’m just pointing out that doing stupid financial shit that is effectively the same as that kind of over-leveraging us hardly new, nor raised many eyebrows. Banking trades will seek the most ways to make money possible. Before CDOs were the poison they are today they allowed 50x effective leverage |
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