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I always enjoy reading McWilliams.

The joke is that a debt/equity swap is precisely what's needed - just not the conventional sort of equity the smart boys have in mind.

If NAMA were incorporated and used as a framework, rather than an organisation, then a solution is achievable that the pass maths boys could - and would - implement tomorrow...

...how does one get to the pass maths boys, Frank?

"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Sat Nov 14th, 2009 at 07:42:25 AM EST
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