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

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To: yard_man who wrote (195824)	10/7/2002 12:46:00 PM
From: Les H	Read Replies (3) of 436258

it's ironic that that guy from pimpco comes on urging the fed to force banks to lend more and you see this in the news --- Prior to the open Lehman downgraded several regional banks and in today's Financial Times there was a report that investment banks in Europe and North America are set to write off more than $130 bln in loan losses this year-- the highest level ever recorded; the magnitude of the losses is set to trigger another wave of job cuts across the industry

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