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Tuesday, January 17, 2012
All fall down.
By Col. B. Bunny
Thus, we also approach the dreaded inflection point for the credit default swaps. Nobody believes that this Mount Everest of jive bond “insurance” can actually pay out, since the first instance of any attempt will bankrupt everybody.
What Gives. By James Howard Kunstler, Clusterfuck Nation, 1/16/12.
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