re: "Alan Greenspan Blasts Trump's Tariffs as "Insane"" Bloomberg

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The failure happen because risks was not properly evaluated.

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First logical thing you have actually posted in weeks.

Moodys and S&P should have sued out of business.

Banks should have had too to report their potential liabilities too. At least that would have made them stop and think.

They had so much liability that even small changes in the default rates on those huge packages cost them billions.