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Fighting the Wrong War The net impact of all the securitization and borrowing was to monetize future cash flows in order to make them spendable and investable in the present. This fueled a boom that has now clearly proven to be false. It appears that even the rapid growth major cities such as Phoenix and Las Vegas may have been fueled primarily by a housing boom built on Freedom's Phoenix newsletter, March 30, 2009 AM edition GM CEO Wagoner to Step Down at White House Request -- In Iraq, a civil war brewing? -- Nikkei Extends Losses After U.S. Task Force Decision -- Regulators See New Role For Fannie, Freddie -- Mayor: Fargo levee breeches; more breeches to come -- Freedom Tower name changed to One World Trade Center -- Obama worried about the 2nd American Revolution -- Freedom's Phoenix newsletter, March 27, 2009 PM edition US, European Stocks Drop, Trim Gains of 3-Week Rally -- US Government Could Own The News -- Diebold CFO steps aside for Insider Trading Query -- House bill to ban global currency -- London Protesters Threaten Bankers, Evoke Executions -- US general: American forces may not leave key Iraqi cities -- 14 y.o. arrested on child porn for filming herself |
