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  Barry
  banks and other financial institutions made the emperors new cloths look positively real. They convinced themselves that 'bust' would not happen and bundled up debt and sold it on in in some mad game of make believe. I see all this as poor financial practice. Poor financial advice would have been given to purchasers of mortgages that they really should not have been sold, and would not have been sold, had there been an element of reality rather than just simply profiteering.

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