Here's the paint: A decade of housing bubble,driven by Fiat Fed $$ 30+:1 leverage on Wall St, G K W X#: 1 in unregulatedland .... I marvel that such a collosal paper mountain could have been built in the first place. AAA rated securitization of absolute crappiest shite mixed in with high and mid quality US homeowners, spoon fed to the global system for yield chasers who further hopped it up with steriod exotics. Colorul isn't it.
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