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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (32727)10/31/2000 5:47:51 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
the slump in consumite confidence is strangely incongruent with the housing starts number...i guess Fannie and Freddie are busy with aggressive marketing campaigns...in any case, that's what the recent monstrous bloating (part 257 of an ongoing horror story) of their balance sheets suggests.

no prob, the tax slaves will pick up the tab...

btw, to anyone who thinks bank runs are 'not possible' anymore in a modern post-industrial economy, we just had one in Austria. a smallish "Landesbank", Bank Burgenland, suffered a run by panicking depositors.

considering how undercapitalized the FDIC is vs. the potential for catastrophic losses at the leading gamblers, err banks, we can look forward to interesting scenes when what is NEVER supposed to happen happens after all...
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