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It's Different This Time      4-Nov-09 04:37 pm    
Post 9/11, George Bush was determined to avoid a deep recession so he had Federal Reserve cut interest rates to near zero percent. Most of us realize that easy money usually leads to bad decisions. The post 9/11 easy money binge, combined with government regulations that required lenders to lend to unqualified buyers fueled a massive housing bubble. When that bubble burst in 2008, the financial markets collapsed from their binge of easy money cocktails. With our economy now staggering like drunken sailor, Washington’s solution was to serve him Vodka.
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irnutso

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It's Different This Time
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Duke Energy Corporation (DUK)

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