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It seems to me that this credit crisis can only end after a few more bank failures. Central banks should be prepared to guarantee deposits and intervene to prevent cascading failures. But I think this was said by LondonYank before.

We have met the enemy, and he is us — Pogo
by Migeru (migeru at eurotrib dot com) on Wed Dec 12th, 2007 at 12:50:45 PM EST
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