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Doug Noland, www.prudentbear.com, 02/11/2011
The surprising resignations today of Egypt’s Hosni Mubarak and Bundesbank president Axel Weber are reminders of how quickly events and circumstances can change. At the same time, we witnessed further indication of the snail’s pace of U.S. financial reform.
We’re now into 2011. The Fannie and Freddie accounting scandal emerged in 2004. The [...]
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