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— Melissa Bean"Under the Environmental Protection Agency's Energy Star Program, homes are independently verified to be measurably more energy efficient than average houses."
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The securitisation of mortgages added a new dimension of systemic risk. Financial engineers claimed they were reducing risks through geographic diversification: in fact they were increasing them by creating an agency problem. The agents were more interested in maximising fee income than in protecting the interests of bondholders. That is the verity that was ignored by regulators and market participants alike.
— George Soros
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The term blowback, which officials of the Central Intelligent Agency first invented for their own internal use, . . . refers to the unintended consequences of policies that were kept secret from the American people. What the daily press reports as the malign act of terrorists or drug lords or rogue states or illegal arms merchants often turn out to be blowback from earlier American operations.
— Chalmers Johnson
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