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Re: hap0206 post# 6897

Friday, 03/01/2013 1:51:22 AM

Friday, March 01, 2013 1:51:22 AM

Post# of 12232
Hap - thank you very much for the clarification to my query. Please allow me to recap what you so eloquently postulated so that others may better understand.

It was Barney Franks mythical bad borrower and student loans that caused $220 trillion…….more than three times the global economy……… in derivatives to blow up, thereby causing a run on the hapless world Banks. Consequently the Banks, although begrudgingly, were compelled to take taxpayer money to stabilize this horrible situation thrust upon them. The Banks, heroically rose to the situation and have since paid back all of the taxpayer money they were given and are not presently receiving nor do they require any further assistance. The world economy is back on track and everything is back to normal. …….I am sure everyone is much relieved now!

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