Fed knew we were bankrupt in 2006

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Ready
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Joined: Dec 30 2008
Posts: 917
Fed knew we were bankrupt in 2006

I'm sure many of you have seen this, but I just found it for the first time.

http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf

 According to the St. Louis Fed and the study published above, this has been a long time coming. Too bad they were powerless to do anything except make the problem worse!

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