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Ah yes, the free market utopia every libertarian dreamed of existed in 2008. There were only just over 100,000 pages of federal law and regulations. Not to mention state and local laws.



I see, if we had 0 pages of regulations, then banks would be ethical, then they would not create CDOs and then synthetic CDOs and destroy globaln economy.


Strawman argument.


You mean the one about 100,000 pages? How is that of any relevance to CDOs?


Fannie Mae and Freddie Mac




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