meanwhile inside FRS I'd just completed my first memo documenting the several $100B in Alt-A/subprime loans insured by said agencies (2/2)
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My point is not that I am a genius or a better economist than Krugman, only that he's the kind of ass who writes things in a nat'l column...
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. . . that can be falsified by a marginally-competent recent grad poring over publicly-available documents for half an hour.
End of conversation
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