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"So what has Cramer learned from last week's selloff? He recommended raising investors' asset allocation of foreign stocks from 20% to 25% of their portfolios for starters. He said that Brazil, Chile, Canada and Australia have become safer places to invest than the U.S. "
Cramer said 99% of the problems that caused the current financial crisis had absolutely nothing to do with proprietary trading.
"all of these problems stemmed from one thing, and one thing alone: reckless mortgage lending."
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