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Robot Pirate Ninja

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Senate unanimously approves measure to audit Fed

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http://www.marketwatch.com/story/senate-unanimously-approves-measure-to-audit-fed-2010-05-11

Wow, a unanimous vote in the Senate. Color me pink. Looks like Financial Regulation legislation is a lock now, as the R’s *propbably* won’t filibuster their own changes.

I’m curious to see what the audit reveals. I think it can go three ways: 1) no big deal, most of the big loans went to central banks. 2) economic turmoil as we see which central banks were weakest and they get attacked(a) or 3) ohmygod, the conspiracy is revealed!!!!

(a) much less likely years after the fact. Economic weakness data, the kind that can be used for an attack (I.e. Insider trading), becomes outdated quite quickly.

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RobotPirateNinja

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