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March 17, 2008

The Great Unravelling

The sub-prime mess, in 45 easy steps.

Of course, its missing about 10 slides about the Federal Reserve failing to regulate any of this and, worse still, tossing gasoline on the fire with overly-loose monetary policy.

Update: By the way, while I'm on a bender anyway, think twice about buying Iams. I know, I know: it's PETA. But even a broken watch is right twice a day.

Posted by dag at March 17, 2008 2:34 PM

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