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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Giordano Bruno who wrote (87386)10/7/2007 7:25:32 PM
From: Proud Deplorable  Read Replies (1) of 110194
 
"Now we are told that one of the largest and strongest banks of the world, UBS, is going to write off $3.41 billion in loans… Usually, when you see one or more of the major banks talking like this, it means they all will, and that means that all bank customers are going to get squeezed, and in the process end up having banks seize assets where loans are not being repaid as per earlier agreements."

billcara.com
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