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(At left: Stacks like these have evaporated from circulation due to hoarding and concentration of cash by deep pocket financiers.)The assessment of the so-called Financial Meltdown and the gov’t “bail out” appears to be a constantly shifting premise. So we must continually strive to accurately sum up what is taking place amid the lies and spin. And while the search for the truth seems to be an endless, unrewarding task, we must keep two principles
"The chattering classes still blame desperate borrowers for not reading the fine print, but perhaps they should reserve some vitriol for Wall Street's watchdog. If there's one lesson the commission should have learned long ago, it's that booms aren't fueled by market forces alone, but also by healthy doses of fraud, deception, and unchecked opportunism. And it's invariably everyday folks who pay the price. ‘The SEC, instead of watching Wall Street, insulates it,’ notes Aguirre. ‘The subprime iss
