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If the regulators/regulations were so good, how come the government's stress tests didn't pick up on the hedge as a problem.
I don't think the 'stress test' is run on a regular basis.
politicians claiming that this loss now justifies further regulation to protect the taxpayer and the financial system is just plain hooey
So you're saying less regulation would have prevented this?
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"You go to the track with the Porsche you have, not the Porsche you wish you had."
'03 E46 M3
'57 356A
Various VWs
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