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Ric Edelman Unplugged

The Compound and Friends

CHAPTER

The 6040 Portfolio: A Smokescreen

Regulators used the treasury environment and interest rate scenario as a smokescreen to rationalize and justify their actions. They were willing to cause a nationwide bank run. I don't think they fully comprehended what it is they were doing. It's always easy to look in hindsight. Yes, everybody it's the behavioral finance thing.

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