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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.19-0.1%Jan 16 9:30 AM EST
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To: Jacob Snyder who wrote (49896)3/12/2001 11:49:59 PM
From: pass pass  Read Replies (1) of 77400
 
Banks? did you say banks? I think the financial industry is in real trouble in the near future. Telecom fallout started with difficulty to raise money. There are more start-ups going bankrupt than getting funded. Just imagine what if companies like Level3, Nextel, 360Networks, Global Crossing and smaller players get into credit trouble. AG already warned the banks not to be so tight, perhaps there is credit crunch coming. That'll be really interesting. Is the Fed going to bail out the troubled banks?
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