Remember what happened in 2008? Moronic institutions holding CDOs got bailed out by governments because their assets were now unsaleable at anything resembling the price they paid for them.
Remember what happened in 2008? Moronic institutions holding CDOs got bailed out by governments because their assets were now unsaleable at anything resembling the price they paid for them.
They should have been allowed to fail hard. No lessons learned it seems.
They should have been allowed to fail hard. No lessons learned it seems.
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