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David Stockman – “Warren Buffet’s Humbug”

Recommended reading from David Stockman in regards to Warren Buffet’s “gushing drivel” about the government’s financial bailout: Warren Buffet’s Humbug (excerpt)  As it turned out, the probability that a sharp contraction of GE Capital’s footings would not have had noticeable impact on the macro economy was never tested due to the Washington’s alphabet soup of bailouts. Instead, … Continue reading →