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But it wasn't --the point was,
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it was the same scandal that we saw
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in the U.S., U.K., Germany and now France;
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it was the same source.
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It was the U.S. Housing crisis
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that was causing a contagion around the world
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from one country to another
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because the banks in the countries
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had invested in risky securities
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--they hadn't taken proper account of the risk
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and they didn't have enough reserves.
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The same thing affected U.S. Banks as well.