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A strange claim to make

Interesting article. I found the claim in the last paragraph strange "The private market, to my mind, had really lost its claim as the most efficient and judicious arbiter in this particular case." The government backed lending is certainly cheaper but does this make it efficient? And what does judicious mean in this context?

Posted by: Paul

26 Aug 2010 | 09:38
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Gross warns mortgage privatisation could 'cripple' US recovery

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