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You searched for: label/deadweight loss

I Told You So

…point. The point is that it has generated approximately no profit or loss for the FDIC, because the FDIC refused to be played for suckers. They key sentence is The…

Accounting for Scott Sumner

…going to be about zero. That is, the amount AIG owes is roughly equal to the expected present value of future repayments. Sumner gets his huge loss overall because he…