Dr. Frankenstein's Wall Street

By Victor Davis Hanson - September 25, 2008

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When the mortgage bubble burst, Americans were "shocked" at how many Wall Street buccaneers had been gambling in a vast pyramid scheme with someone else's money. Paper fortunes were made buying and selling questionable sub-prime mortgages on the silly assumption that such gargantuan inside profiting would always expand -- even as the number of homebuyers able to buy overpriced properties was...

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Victor Davis Hanson

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