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Buffet dubbed ticking time bomb of the unregulated derivatives market and the interplay with the 2004 regulatory rollbacks (spearheaded by Paulson wearing his Goldman's hat at the time) allowing the largest investment bankds to got from 12 to 1 leveraging to 30-40 to 1.While you can not overemphasize the ez credit polices, imo, the biggest problems are always the ones that stem from lack of informat
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