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Politics : Ask Michael Burke

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To: Bill Cotter who wrote (94508)	2/15/2002 12:20:43 PM
From: Knighty Tin	Read Replies (1) of 132070

Bill, Thus the concept of "too big to fail." I have a problem with numbers when they say stuff like $29,643.52 and then have this little note that says (in $billions). Gimme the 52 cents worth, guys, and I'll say good things about you forever. <g> This isn't all scary, though. Most derivatives are great deals and the co. has been making money on them forever. Just as most loans are good deals. The big problem is that repossessing your car is one thing. Repossessing some big banks, what?, is a different problem. We have to hope for them to muddle through, as there seems to be little oversight. I have a problem with thinking that it is a zero sum game. If that is the case, there will be winners and losers and some of the losers may have their financial viability damaged. But perhaps good things happen to both sides in every case. And clicking your heels together is a faster way to get to Kansas than a 767. <g>

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