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Five Reasons Why The Fed Won’t Cut Rates

Number 5 is the clincher. If we don't see some of these hedge funds taking bankruptcy, the whole thing will come back to haunt us sometime later in a more serious way. The mortgage lenders were leveraged to the hilt but the hedge funds doubly compound the risk by using risky mortgages as collateral. If those who play these games and the parties that make it possible aren't wounded in these events the whole economy is threatened. Vic