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Bush Shrugged As FBI Warned Of Economic Meltdown in 2004

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The good news: we did have some controls in place to predict and prevent this economic crisis. The bad news: the Bush administration let it happen anyway. The ugly news: major US bond rating agencies never checked any of the mortgage backed securities they certified as "AAA" because they knew they were toxic. This suggests many were complicit in willful fraud with a years long advantage over the public in "getting out" first.

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