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#11
03-15-2008, 04:59 PM
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The Depression of 2008
Posted By: Jeff Lichtman
The irony of all of this is that Bear Stearns is filled with multi-zillionaires who all live in homes they can afford which do not have subprime mortgages; however, those zillionaires made zillions off the subprime mortgage industry. Now that those borrowers are crapping out, the Bear Stearns boys -- who were responsible with their own money -- will now be losing their jobs. I can't say that such a result makes me sad. 
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