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William Black

A brilliant and simple guide to how we are being lied to about the meltdown

by Constantine von HoffmanApril 7, 2009 Bailout

There has been a deliberately high signal-to-noise-ratio (”the ratio of a signal power to the noise power corrupting the signal“) around the financial fiasco. The reason for this is the same reason that a magician does patter — to divert your attention from the sleight-of-hand.
We have heard long explanations about how no one could have [...]

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