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Politics : Politics for Pros- moderated
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To: Brian Sullivan who wrote (271265)9/29/2008 6:30:23 PM
From: D. Long   of 794094
 
"I care that it could be contagion," Morgan Stanley chief financial officer Colm Kelleher said in a conference call with analysts. "You've got fear in the market."

This is the grave risk. It doesn't matter squat if the system is sound if people are reacting emotionally. Fear will seize up the entire system and it will come crashing down around our ears.
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