Back to 2007

Friday, July 10, 2009

AIG is once again paying out huge bonuses.

Morgan Stanley is once again packaging crappy mortgage loans into AAA-rated CDOs.

Chins is once again flooding the U.S. with cheap money, holding down its currency while its trade surplus (and thus our deficit) increases.

So if this is what 2009 looks like, why did I have to live through 2008? Couldn't we just extended 2007 or something?

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