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after almost 25 billion dollars of banks assets writedowns and credit losses declared by Merrill Lynch against a couple of billions by Bear Stearns drive us to share Felix concerns about the difference, did BSC all the writedown job or not? that is the rigth question, imo this is a crisis of solvency in leveraged institutions, I dont see how this inflationary monetary packages will solve anything, most of this repos games will end in long gold contracts and volatility.
Mar 14 09:34 am
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All Comments by phdinsuntanning »Financial Stocks Trading Near Book Value [View article]