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Post# of 704041
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langostino

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langostino

Re: Gizmo post# 157881

Saturday, 10/04/2003 3:03:35 PM

Saturday, October 04, 2003 3:03:35 PM

Post# of 704041
The answer Gizmo ...

As you know, is ... increased debt! Actually, a huge part of the "cushion" was a one-time transfer of accumulated wealth from the savings institution known as the home. So Greenspan essentially dipped in and just spend 30 or 40 years of accumulated savings in order to cushion the fall.
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