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  • The Money Is Not Moving: Worst We've Seen? [View article]
    We have 22 years of market interventions to unravel. Might take a couple days or more to get there.

    Stiffing AIG and WaMu shareholders/bondholde... was a foolish thing to do by the FED/FDIC.

    Why SHOULD any bank trust a counterparty if the chance of the FED stepping to to 'rescue' them would cause a complete loss on top of your already shaky balance sheet?

    The government/FED have been hoist by their own petard. The fact that they might 'save' another failing institution and shaft all of its creditors is making people think twice before lending more than overnight.
    Oct 07 16:34 pm |Rating: 0 0
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