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Posted In: Crash Prophets

From our sister blog Investorazzi.com this morning:

“Jeremy Grantham On Financial Crisis And Where To Next”

“We got so good at denial. The Fed was in denial, the Treasury was in denial, the bosses of Merrill Lynch and Lehman were in denial. And yet this crisis was the most widely heralded “surprise” in the history of finance - there were plenty of people warning that it was going to happen long before it did.”

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