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> I'm not worried about vast amounts of people no longer paying their electric bill

No one was worried about vast amounts of people no longer paying their subprime mortgages either. Not saying your investment strategy is wrong, but "predictions are difficult, especially about the future".




Significant difference between "triple A" sausage CDOs stuffed with subprime junk and Solar City obligations.


Among other differences, instruments tend to be a bit better priced when you're not lying about what's in them!




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