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Politics : Welcome to Slider's Dugout
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To: bearjones who wrote (6314)9/7/2007 10:59:23 AM
From: maxncompany   of 50693
 
"Or as one policy maker admits: “Nobody had imagined a scenario where the money markets froze up like this. It just wasn’t in the stress testing models.”"

Again, the damn models. The market doesn't give a hoot about models, and in fact, takes delight in punishing those who think their model is brilliant, even infallible.
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