Theres no way to rule innocent men. The only power government has is the power to crack down on criminals. When there arent enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws.- Ayn Rand
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Dan Alpert, managing partner at Westwood Capital, thinks that banks are under-reserving and that this will come back to haunt them when house prices fall in “the final leg down” of the housing crisis.
via — Seeking Alpha.
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