Prof. William Black, On Point, Prosecute to the top 1% of Wall Street… (AUDIO)

Posted by Ace

They’re arresting Occupy Wall Streeters for trampling grass in public squares. But the finance titans who trampled the U.S. economy in the collapse of Wall Street, says my guest today, have gone scot free.

William Black is a warrior on finance ethics and legality. He was in the thick of the slew of prosecutions after the 1980s S&L scandal. It’s not too late, he says, to prosecute over the 2008 collapse and its run-up. And we should.

For justice and the future of the country. All the way to the top.

This hour On Point: The unfinished call to prosecute Wall Street.

Click here to listen… http://www.wbur.org/media-player?url=http://onpoint.wbur.org/2011/1…

~

4closureFraud.org

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41 Responses to “Prof. William Black, On Point, Prosecute to the top 1% of Wall Street… (AUDIO)”
  1. lvent says:

    Interesting article that expains why we are all here….FASCISM…….HAS COME TO AMERICA…IT ALL STARTED IN 1999 UNDER BILL CLINTON’S ADMINISTRATION…..the title should read, How Traitor Politcians From Within Allowed The NWO To Engineer The Current Economic Crisis…..
    HOW THE U.S.GOVERNMENT ENGINEERED THE CURRENT ECONOMIC CRISIS:
    http://techcrunch.com/2008/09/26/the-us-government-engineered-the-current-economic-crisis/

    • lvent says:

      THIS LINK EXPLAINS THE HITLER PLAN….Why would the Clinton Administartion pressure Fannie Mae to get more loans to borrowers whose incomes and credit ratings and savings were not good enough to qualify for conventional loans? and launch a pilot program and then make giving bad loans general policy? And that was just the start of this evil plan….the bundling of too many of these bad loans with some good loans and rating them AAA….was the set up for the whole country to fail……as well as Fannie buying back some of these very bad loans to pool and sell an interest in to their own investors at the IMF… FANNIE/FREDDIE WERE A GSE AND A PRIVATE CO WITH IMF INVESTORS AS THEIR BIGGEST SHAREHOLDER???? ……THAT IS UNDERHANDED AS HELL……….Bloomberg reported that Fannie Maes biggest shareholder/bondholder is the INTERNATIONAL MONETARY FUND……IT IS PLAIN TO SEE THE NWO COLLLUSION…FROM WITHIN..The U.S Government took over Fannie and Freddie on 9-7-08….And as Eaton-Dividing the Mortgage Loan and Affirming the Consequent asks: WHY WOULD THE SERVICER HIDE THE DEBT HOLDER? WHY GO THROUGH ALL OF THIS TROUBLE? IS IT BECA– USE IT IS REALLY THE U.S. GOVERNMENT BY PROXY OF FANNIE AND FREDDIE……? Well the U.S. TREASURY CASHED THE NOTES, AND PAID FOR THE HO– USES AND THEN ISSUED EVEN MORE CREDIT TO THE ORIGINATION FRAUDSTERS, FANNIE AND FREDDIE OFF OF THE BACKS OF THE U.S. TAXPAYERS…….. IN THE FORM OF A BONDS AND TREASURIES AND ALLOWED THEM TO COLLECT ON THE MORTGAGE AND SELL INTERESTS IN THE NOTES, OVER AND OVER AGAIN………ALL…. BACKED BY THE U.S. TAXPAYERS…..The servicer for my loan fraud told me I was denied the loan mod at the last minute… by the US..TREASURY………
      THERE YOU HAVE IT FOLKS..IT IS NOT THE BANKSTERS THAT ARE FRAUDCLOSING….IT IS THE U.S. GOVERNMENT FOR THEIR NWO COHORTS AND MINIONS WHO ARE THE FEDERAL GOVERNMENT…..ALL THE MONEY AND CREDIT LENT OUT WAS OFF THE BACKS OF THE U.S. TAXPAYERS…… ……THIS WAS AND STILL IS A HITLER PLAN AND OUR OWN POLITICIANS ARE TRAITORS…..THIS WAS AND IS AN INSIDE JOB…… CREATED, INSTITUTED, PROMOTED AND INVESSTED IN BY OUR OWN POLITICIANS… ………..TIME TO MOVE ON WASHINGTON…..THEY ARE ALL FIRED!!!!

      • lvent says:

        Fraudclosures are also being aided and abetted by the Federal Government who are helping cover this major crime scene up for the U.S. GOVERNMENT….AND THE NWO OF COURSE…!

  2. CaitlinO says:

    IVent – This was your claim:

    “WALL STREET MADE 60 TRILLION IN 1999 OFF OF MORTGAGE DERIVATIVES”

    I’ll respond one at a time to your posts, by the time of post as I see it here in Central Time.

    3:00 Ad hominem attack. Uncited claim
    3:03 Ad hominem attack.
    Strawman – I didn’t challenge how many dollars of derivatives are in pools, just your claim that Wall Street made $60T off of them.
    I Call Bullshit – you said “…..EATON REPORTED THAT THERE ARE QUADRILLIONS OF MORTGAGES IN THE BLACK HOLE KNOWN AS THE GLOBAL MORTGAGE DERIVATIVES POOL”. If there were a single quadrillion mortgages out there, in black holes or not, that would come out to 1,000,000,000,000,000/7,000,000,000 = 142,857 mortgages for every man, woman and child on the planet. Plus, the word quadrillion does not appear once in the Eaton report.
    3:09 Ad hominen attack and I Call Bullshit re: Eaton using the word quadrillion.
    3:38 Strawman – we weren’t discussing interest in loan pools.
    4:13 Multiple Strawman – we weren’t discussing leverage, fraud or the Pecora Commission.
    4:33 I copy and pasted the Eaton post into Word and searched 60, sixty, 1999, trillion, quadrillion and derivative and got:
    60 – 2 hits, neither of which say that Wall Street made $60T off of derivatives in 1999.
    Sixty – no hits
    1999 – no hits
    Trillion – 2 hits, neither of which say that Wall Street made $60T off of derivatives in 1999.
    Quadrillion – no hits
    Derivative – 3 hits, none of which say that Wall Street made $60T off of derivatives in 1999.

    Based on these results, I’m afraid I’m going to have to call Bullshit on your claim that the Eaton article supports you.

    The article from Daily Finance supports what I said at 2:56 and 3;54 but is just another one of your strawman arguments. The article is discussing the notional value of the total mortgage derivative market; your claim was about how much money Wall Street made off of mortgage derivative products in 1999.

    These are not in any way shape or form at all the same things so I’m going to have to call Bullshit once again.

    4:55 See 4:33.
    6:34 Ad hominem attack and see 4:33.
    6:48 Ad hominem attack and see 4:33. You have now abandoned any rational argument having to do with your original statement. You’ve simply careened off on the size of the total mortgage derivative market, apparently unaware of what that even means. You have not provided any evidence about how much money any Wall Street company made on mortgage derivatives ever, much less in 1999.
    7:02 If you are indeed “HERE TO HELP SPREAD THE TRUTH” then take the time and do the homework necessary to make sure that what you’re posting is actually, you know, the truth.
    6:54 Ad hominem attack.
    7:06 Ad hominem attack.
    7:14 See 4:33
    7:33 Ad hominem attack. Strawman – we weren’t discussing Geithner, Obama or Nazis.
    7:37 Complete off the freakin’ wall whack-ville.

    • lvent says:

      When I posted my comment about WHAT CNBC REPORTED….THAT WAS NOT MY CLAIM…THAT WAS CNBC’s CLAIM….AND YOU ATTACKED IT….I HAVE DONE MY HOMEWORK AND ALOT OF IT…
      YOU SEEM TO THINK YOU KNOW MORE THAN EVERYBODY ELSE….YOU CAME AT ME FIRST WITH NOTHING TO BACK IT UP AND YOU STILL HAVE NOTHING TO BACK UP ANY OF YOUR CLAIS……..YOU ARE SPECULATING….DO YOU WORK FOR GOLDMAN OR WHAT??? I WAS NOT DISCUSSING GEITHNER, OBAMA OR THE NAZIS WITH YOU…I WAS DISCUSSING THEM WITH ROB…I WAS NOT DISCUSSING THE QUADRILLION DOLLAR BLACK HOLE WITH YOU EITHER….YOU CAME AFTER ME AGAIN, WITH NOTHING …….I DO NOT NEED TO PROVE WHAT WALL STREET EARNED IN 1999…CNBC REPORTED THAT, NOT ME….SO GO TAKE YOU FRUSTRATIONS OUT ON THEM….GOOGLE IT….YOU KEEP ASKING ME TO DO YOUR HOMEWORK FOR YOU..I HAVE ALREADY DONE MINE…..DO IT YOURSELF…AND STOP THE IDIOCRACY…YOU CAN GOOGLE ANY CLAIMS THAT I MAKE AND THERE THE TRUTH WILL BE IN FRONT OF YOUR FACE……YOU ARE FIGHTING THE WRONG PERSON…YOU SHOULD TAKE YOUR OWN ADVICE… AND TAKE YOU ANGER OUT AT AN OCCUPY PROTEST…..YOU CANNOT DISCREDIT ME….YOU HAVE NOTHING TO BACK IT UP….SO YOUR CLAIMS THAT I AM OFF THE WALL AND WACKVILLE ARE COMPLETELY UNSUBSTANIATED……YOU HAVE NOTHING, AT ALL TO BACK UP THOSE CLAIMS….YOU LOSE CAITLIN O…….

      • lvent says:

        CAITLIN O…AND .WHY EXACTLY ARE YOU SUCH A STAUNCH DEFENDER OF WALL STREET? THE BIGGEST CRIMINALS ON THE PLANET….? AND DEFENDING TIMOTHY GEITHNER….WTF??

      • lvent says:

        CAITLIN O. I AM WAITING FOR YOUR RESPONSE…….ARE YOU AN EMPLOYEE OF WALL STREET, THE TREASURY….OR SOME BRANCH OF GOVERNMENT? I KNOW OF NO ONE DEFENDING THESE PEOPLE IN THIS COUNTRY RIGHT NOW…..NO ONE…

      • lvent says:

        CAITLIN O….CALL CNBC AND ASK THEM WHY THEY REPORTED THAT……..THEY REPORTED THAT AROUND OCTOBER OF LAST YEAR…..ON THEIR MORNING BROADCAST…..

      • CaitlinO says:

        ARE YOU AN EMPLOYEE OF WALL STREET, THE TREASURY….OR SOME BRANCH OF GOVERNMENT? DO YOU WORK FOR GOLDMAN OR WHAT??

        I choose ‘or what.’ I spent my career in product development and market planning at a major telecommunications company. My really really fun part time job is teaching Critical Thinking and Operations Management from time to time at a local university and teaching one Statistics class every semester. Usually Intro but sometimes they trust me with Test Theory or Multivariate Analysis. That’s why I tend to get a little peevish with people who throw around numbers that they have pulled completely out of their ass.

        WHY EXACTLY ARE YOU SUCH A STAUNCH DEFENDER OF WALL STREET? THE BIGGEST CRIMINALS ON THE PLANET….? AND DEFENDING TIMOTHY GEITHNER

        I have never defended Wall Street or Geithner and never will.

        I AM WAITING FOR YOUR RESPONSE

        Wait all you want. I have a husband and little ones who need me, I have other blogs I like to visit and I can’t haunt this site 24-7.

        I WAS NOT DISCUSSING THE QUADRILLION DOLLAR BLACK HOLE WITH YOU EITHER

        Of course you were. See your comment at 3:03 pm which was addressed to me. I called bullshit on that because I put the Eaton article through a Word search and got 0 (zero) hits for the word quadrillion.

        YOU SEEM TO THINK YOU KNOW MORE THAN EVERYBODY ELSE

        Not in the slightest, but I’m positive I know more than you.

    • housemanrob says:

      Women………I’ll tell ya’….can’t live with em’ and can’t live without em’!

      • lvent says:

        LMAO ROB….!! You know how I roll..!! If you want to discredit me, you better have some ammo to back up those claims….she obviously does not…Financial experts are saying there are over a Quadrillion dollars in the mortgage derivatives black hole and she is going to say no there is not? WTF? what a dingbat.

      • CaitlinO says:

        And my poor old Dad had five daughters!!!

  3. lvent says:

    ROB, WHAT POINT OF VIEW? THESE ARE FACTS I AM SPEAKING OF NOT A POINT OF VIEW…..I DON’T KNOW WHERE YOU ARE COMING FROM…WHAT POINT OF VIEW DO YOU MEAN???.THAT THERE IS OVER A QUADRILLION DOLLARS IN MORTGAGE DERIVATIVES FRAUD IN THE GLOBAL POOL IS FACT AND CNBC REPORTED OVER A YEAR AGO THAT
    WALL STREET MADE 60 TRILLION IN 1999 ALONE OFFOF MORTGAGE DERIVATIVES..THESE ARE NOT POINTS OF VIEW….AT ALL….THESE ARE COLD HARD FACTS……

    • housemanrob says:

      Vent…..everybody is individual….realities are comprehensions…..therefore we many times….interpret the same visions differently…….and if Caitlin is a troll….then you would be really wasting your time……right? You have a wealth of information in your head….keep sharing and teaching…..it is your power….and we all need your provoking thoughts! So………go get em’ girl!

      • lvent says:

        I get it Rob..but why just say random crap? She is trying to defeat my purpose here and that is why I can’t let her get away with it…If you can’t find the truth here than where do you go?…I say I think she is troll because trolls always try and shoot the messenger…I don’t think it is that she can’t comprehend this…this is a massive cover-up and the hidden hand are using trolls to continue the cover up. I can’t let that happen. Then everything this website has tried to do is in vain…Remember when I called Geithner a Nazi I got attacked by her?……That is what I am talking about….funny though Rob, no one defends Obama…no one…have you noticed that? You can say anything you want about him, call him a Nazi whatever and no one defends him…Strange…that they would defend WALL STREET AND GEITHNER BUT NOT THE PRES.

      • lvent says:

        Anyone else find it strange that no trolls defend Obama…at all..? How did Obama end up the odd man out? Things that make you go hmmmm…..

      • housemanrob says:

        ….I think you and Caitlin are a couple of hard headed intelligent women….trying to crack each others skulls! That is why I miss my wife….she never had a fight with anyone……but she was not as well informed as you two are!

      • housemanrob says:

        Vent…….I think it was planned that way……..remember……..our one term President……..a part of the master plot!

  4. Zee says:

    They are running the clock until the statue of limitations runs out on the ability to prosecute them for their crimes. In a short while, they simply won;t care any more as they can no longer be prosecuted.

    • CaitlinO says:

      That’s right – the clock has already run out on the 2006 mortgage origination and securitization frauds. The only good news on securitization prosecution is that the trustee has to officially confirm the trusts are in compliance every year so, possibly, they can be prosecuted for false annual representations.

      Possibly.

  5. lvent says:

    I love Professor Black…!!! and before they go to prison…PLEASE DO….make them write ALL OF US, THE 99%, a big fat check out of their FOREIGN BANKSTER ACCOUNTS….. for committing fraud in our names!!!! PAY TO THE ORDER OF WE THE PEOPLE OF THE UNITED STATES OF AMERICA…..!! GOSH, 100 TRILLION OR SO WOULD DO!!!!!!!…..AFTER ALL CNBC REPORTED LAST YEAR THAT WALL STREET MADE 60 TRILLION IN 1999 OFF OF MORTGAGE DERIVATIVES…..!!!! 100 TRILLIION IS LESS THAN 2 YEARS ILL GOTTEN GAINS…

    • CaitlinO says:

      Sorry, but Wall Street did not gain $60Trillion in 1999 off of anything. The ENTIRE WORLD GDP in 2010 was just shy of $62Trillion.

      http://en.wikipedia.org/wiki/World_economy

      • lvent says:

        CAITLIN O….CALL CNBC AND ASK THEM ASSHOLE…THEY REPORTED IT…OVER A YEAR AGO…..

      • lvent says:

        CAITLIN O YOU ARE A SCOURGE ON HUMANITY…TELLING LIES……CNBC REPORTED THAT WALL STREET MADE 60 TRILLION IN 1999 ALONE OFF OF MORTGAGE DERIVATIVES…CNBC ARE LIARS NOW TOO?????….THESE PIGS ON WALL STREET ARE CRIMINALS……..THEIR OWNERS ARE HOARDING THE WORLDS WEALTH…..EATON REPORTED THAT THERE ARE QUADRILLIONS OF MORTGAGES IN THE BLACK HOLE KNOWN AS THE GLOBAL MORTGAGE DERIVATIVES POOL..DO YOU HOMEWORK BEFORE YOU SPEAK…YOU ARE A JERK..

      • lvent says:

        CAITLIN O…IN EATON, THAT REPORT STATED THERE ARE QUADRILLIONS IN MORTGAGE DERIVATIVES IN THE BLACK HOLE KNOW AS THE GLOBAL POOL.WHERE DO YOU THINK THAT APPEARED FROM?????…WAKE UP DING DONG….THE CRIMINALS ARE OVERLEVERAGED TO THE OUTER LIMITS……

      • CaitlinO says:

        There isn’t a single quadrillion (which is a million billion) dollars of GDP in the entire planet. Wall Street could not have made the money you claimed. You can shout, call names, hold your breath until you turn blue, fall on the floor and kick your feet all you want. None of that will make a stupid mistake that could be googled in about 2 nanoseconds true. Honestly, am I having a conversation with an adult or a two year old?

        If you don’t like the Wikipedia source above, is the CIA World Factbook good enough for you? Those numbers in the left column are trillions and they roughly add up to about $60T:

        http://www.indexq.org/economy/gdp.php

    • lvent says:

      CAITLIN O. YOU ARE LOOKING INSIDE OF THE BOX THEY PUT YOU IN….DON’T YOU KNOW THEY SOLD INTERESTS IN THESE LOAN POOLS …….GLOBALLY…….GDP HAS NOTHING TO DO WITH THIS….THIS WAS A GLOBAL SCHEME/SCAM…….

      • CaitlinO says:

        GDP is not equivalent to wealth and I didn’t claim it was. GDP, however, is a measure of total value of production. There was not and COULD NOT have been $60T earned on Wall Street in 1999 from any product when world GDP 11 years later was only $62T.

        Sorry, but the truth is that your claim makes no sense and, once again, is not sourced to any reliable published document.

      • lvent says:

        CAILTIN O…..GOLDMANN SACHS WERE OVERLEVERAGED 333: 1, FANNIE/FREDDIE 72:1 AND J.P. MORGAN AND CITI 52:1……… BEFORE THE BUBBLE BURST….DON’T YOU GET IT? THEY WERE ALLOWED TO OVERLEVERAGE THEMSELVES TO THE HILT….THEY RANG THEMSELVES UP WITH 140 TRILLION IN COLLATERAL MORTGAGE FRAUD…WITH ZERO COLLATERAL TO BACK THAT UP…THEY HAD NO SKIN IN THE GAME…..THEY NEVER LENT US ANY MONEY…….!!!! GO TO YOU TUBE OR GOOGLE AND LOOK FOR THE DOCUMENTARY……PLUNDER, THE CRIME OF OUR TIME…BY DANNY SCHECTER…..RT NEWS AIRED IT ABOUT A MONTH AGO…….MANY EXPERTS AND ONE EX-GOLDMAN SACHS EXEC SPEAK THE TRUTH ABOUT WHAT THESE CRIMINALS DID…THEIR CRIMES WERE MASSIVE……SOME EXPERTS ARE NOW CALLING IT EXPONENTIAL COLLATERAL MORTGAGE FRAUD…..FRAUD SQUARED……WAY WORSE THAN THE LAST MANUFACTURED “GREAT DEPRESSION”, THIS WAS NEVE SUPPOSED TO HAPPEN AGAIN..THE CHECKS AND BALANCES WERE IN PLACE SUCH AS GLASS-STEAGAL……SOME ARE CALLING FOR A COMMISSION SIMILAR TO THE PECORA COMMISSION TO INVESTIGATE THIS…

      • lvent says:

        CAITLIN O….HERE ARE THE LINKS…DO YOUR HOMEWORK……
        New Post: Eaton-Dividing the Mortage Loan and Affirming the Consequent
        http://4closurefraud.org/2011/10/11/eaton-dividing-the-mortgage-loan-and-affirming-the-consequent/
        From the DAILY FINANCE: WHAT IS THE SIZE OF THE GLOBAL DERIVATIVES MARKET? 1.2 QUADRILLION:
        http://www.dailyfinance.com/2010/06/09/risk-quadrillion-derivatives-market-gdp/

      • lvent says:

        CAITLIN O…..BIG RISK; $1.2 QUADRILLION DERIVATIVES MARKET DWARFS WORLD GDP…..DAILY FINANCE SAYS……!!!!!

      • lvent says:

        HEY CAITLIN O…HERES THE PROOF IN THE ABOVE LINKS….DAILY FINANCE SAYS, WHAT IS THE SIZE OF THE GLOBAL DERIVATIVES MARKET??? $1.2 QUADRILLION…… OR IS DAILY FINANCE LYING TOO?????….EVERYONE IS LYING ACCORDING TO CAITLIN O, RIGHT???…,…AND YOU KNOW IT ALL RIGHT??? .WHERE ARE YOU AND YOUR BIG MOUTH AT RIGHT NOW?? SPEECHLESS ARE YA? …THAT’S WHAT I THOUGHT…….YOU HAVE NO FACTS TO BACK UP A WORD YOU DISPUTE…..YOU ARE NOT AS SMART AS ALOT OF 2 YEAR CHILDREN THAT I KNOW, IN FACT YOU ARE JUST PLAIN IDIOTIC…PERIOD….

      • lvent says:

        HEY CAITLIN O. IS THE INTERNATIONAL FORECASTER LYING TOO? BTW…A QUADRILLION IS A 1000 X A TRILLION….OR ONE THOUSAND MILLION MILLION………YOU ARE WHO IS NOT REPUTABLE….AT ALL…..
        CHECK IT OUT….CAITLIN O…or GOOGLE IT…..THE QUADRILLION DOLLAR POWDER KEG WAITING TO BLOW:
        http://theinternationalforecaster.com/International_Forecaster_Weekly/The_Quadrillion_Dollar_Powderkeg_Waiting_To_Blow

      • lvent says:

        ROB, WHAT HAS CAITLIN O…PROVEN? SHE MAKES BASELESS AND EMPTY SPECULATIONS WITH NOTHING TO BACK IT UP….SHE HAS PROVEN NONE OF HER CLAIMS…NOT ONE OF THEM….IF I ALLOW HER TO SHOOT THE MESSAGE THAN WHAT REASON OR PURPOSE DOES IT SERVE FOR ME TO BE HERE??? I AM NOT HERE TO FIGHT WITH ANYONE…AT ALL…I AM HERE TO HELP SPREAD THE TRUTH……..WHAT HAS CAITLIN O. CONTRIBUTED TO THIS WEBSITE? NAME ONE THING….

    • housemanrob says:

      ……why don’t you 2 cool it……..you obviously don’t agree an much of anything….and calling each other elementar school names ain’t gonna’ help…otherwise I can schedule a boxing march for ya’ll.

      • lvent says:

        Rob…No one calls me a LIAR and gets away with it…I hate liars… and as far as Caitlin O. and I agreeing on anything….goes, I am trying to get the truth out to the people and what is she doing? Trying to SHOOT THE MESSENGER…..!!!!! It will end when CAITLIN O. STOP CALLING ME OUT…….
        …I NEVER CALLED HER OUT IN THE FIRST PLACE….CAILTIN O. IS A TROLL ROB…..

      • housemanrob says:

        Vent….i love ya’ hon………but make your point and then chill….you cannot get everybody to see your point of view!

      • lvent says:

        She asked for proof….and I gave it to her, now, where is she….? EXACTLY….CAILTIN O. DISHES IT OUT BUT SHE CAN’T BACK IT UP…!!!! SHE CALLED ME OUT, ASKED FOR PROOF…I PROVED IT…NOW, ….I EXPECT A RESPONSE…FROM CAILTIN O…..

      • I vent and Rob…… Something I learned a long time ago….when one has a point to get across to another….stand back…..especially 2 women…..let them hash it out…..it is just like the foreclosures…in court it is not what you know of the frauds or can show….it is what you can prove….and I vent did back herself up with the proof where she got the info. Got to hand it to you I vent….you seem to be well prepared when you make a statement…..ever think of being in politics ? I must say you would be great at that….look at Marcy Kaptur…a hero to the people in foreclosures…..a voice that speaks the truth……….

      • lvent says:

        Thanks Marilyn. I don’t think the criminals would want me in their way..A citizens activist would probably be better for me….The Investigator I met with from the AG’s office told me he might like to hire me after I straighten out my own complicated fraudclosure mess..After just recently getting into a screaming with some one who works in the AG’s office on the phone about the fraud in my fraudclosure, I realize that could never be for me…I could never lie to people like that…!! Gotta run, be back later!!!.

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