12-05-2011, 08:52 PM
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Banned
Join Date: Jun 2010
Posts: 898
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http://online.wsj.com/article/SB1000...520372002.html
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The paper, written the year after Joseph Stiglitz won the Nobel Prize for economics, concludes that "on the basis of historical experience, the risk to the government from a potential default on GSE debt is effectively zero." Their analysis has recently been making the rounds on the Web to a chorus of chortles.
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