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September 29th, 2011, 16:17
True. Obama (and, to a much lesser extent, Dubya) completely missed the opportunity. Even if you buy into TBTF, that doesn't preclude "Not Too Big to Take an Epic Bath". Paying (to pick a random number) 50 cents on the dollar might have been sufficient to avert a complete financial meltdown while still allowing the offending banks to suffer the consequences of their horrible decisions.

Sorry. No pearls of wisdom in this oyster.
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