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Afternoon Thought On The Little IMF Fiasco

It turns out the IMF, despite assuring depositors that it has never lost money placed with the institution, decided to sink what could be unrecoverable billions into an obviously overindebted country, breaking many of their own rules along the way, in the largest bailout of its kind ever.

The first red flag might have been that they were cutting billion dollar checks to a woman holding a Louis Vuitton…

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