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Washington just has to learn how to leverage greed.
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As we boil this cauldron of surprise, necessity, betterment, leverage - and greed - let's check to see what's surfaced… As you've likely found in your own investing view, perhaps even just yesterday, it's a kind of "see-saw" principle made of fear and greed, all quite innate… which require reason, willpower, and willingness - to harness, and hopefully, overcome.
It's not surprising, therefore, that among all the various forces and factors to be blamed for the current global economic crisis — deregulation, Alan Greenspan, credit-default swaps, the power of the financial lobby, excessive leverage, securitization, Wall Street greed — the most difficult to get one's head around is the international monetary system.
The only purpose of Long-Term Capital, or any other hedge fund, for that matter, is that of speculation and leverage, and its only motive is greed.
Once again, we see the same toxic ingredients that have appeared repeatedly in the aftermath of the crisis: collateralized debt obligations, credit default swaps, ruinous leverage, an overreliance on credit ratings, greed and extreme naïveté.
They just brought greed, greed, greed".
Lust, greed, gluttony...
Greed is right, greed works.
The motive was greed.
That's just greed".
It wasn't just greed.
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