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sems to be a party to every single derivative deal on the planet... Did anyone say 'too big to fail'??

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Fri Oct 3rd, 2008 at 05:44:51 PM EST
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how about you get a 700 billion cash injection from the government, and it turns out the financiers have already been playing pass the parcel wit the debt, and somebody is getting cast loose with the debt while the other banks run off with the cash.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Oct 3rd, 2008 at 05:48:06 PM EST
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Didn't they invent CDSs?

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Fri Oct 3rd, 2008 at 05:59:05 PM EST
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