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Tuesday, March 06, 2007

Stock Market Bloodbath and Greenspan’s Retreat


By Mike Whitney In the next few weeks, we’re going to hear industry mandarins and banking chieftains blame everyone else for the disaster they’ve created. Overstretched and underpaid Americans will be blamed for not saving their paltry wages and people with poor credit will be assailed for taking out loans they had no realistic chance of paying back.

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