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The tyrant "has desires which he is utterly unable to satisfy, and has more wants than any one, and is truly poor, if you know how to inspect the whole soul of him: all his life long he is beset with fear and is full of convulsions, and distractions, even as the State which he resembles."
Tuesday, June 12, 2012
New Federal Reserve Capital Requirements May Doom Savings and Loans
And putting savings and loans out of business will dramatically reduce competition in the mortgage business, which is negative for housing, and borrowers, going forward.
Moral hazard. Picking winners and losers. Fascism, American-style.
